Ohio Revised Code (Last Updated: January 27, 2016) |
Title 39. XXXIX INSURANCE |
Chapter 3916. VIATICAL SETTLEMENTS MODEL ACT |
Section 3916.04. Broker deemed to represent viator - fiduciary duty
Latest version.
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Irrespective of the manner in which the viatical settlement broker is compensated, a viatical settlement broker is deemed to represent only the viator and owes a fiduciary duty to the viator to act according to the viator's instructions and in the best interest of the viator.
Effective Date: 10-05-2001