Connecticut Statutes
§ 38a-465o — Life settlement broker deemed to represent only the owner. Fiduciary duty to owner.
Connecticut·Title 38a Insurance·Ch. 700b Life Insurance, Annuities, Burial Contracts and Life Settlements
Notwithstanding the manner in which the life settlement broker is compensated, a life settlement broker is deemed to represent only the owner and owes a fiduciary duty to the owner to act according to the owner's instructions and in the best interest of the owner.
Free access — add to your briefcase to read the full text and ask questions with AI
Connecticut § 38a-465o (Life settlement broker deemed to represent only the owner. Fiduciary duty to owner.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(P.A. 03-152, S. 13; P.A. 08-175, S. 16.) History: P.A. 08-175 replaced “viatical settlement” with “life settlement” and made conforming changes.
Nearby Sections
15
§ 38a-1000
Applicability.§ 38a-1001
Definitions.§ 38a-1005
Examination of group. Costs.§ 38a-1006
Group board of trustees.§ 38a-1011
Taxes.