Lone Star State insurance regulators are reminding life settlement providers and brokers about their state's life settlement marketing rules.
The Texas Department of Insurance has issued the reminder in the form of Texas Commissioner's Bulletin B-0026-07, which deals with the advertising, registration and name usage requirements that apply to viatical and life settlement providers and brokers operating in Texas.
Companies that want to buy life insurance policies from Texas residents must file any advertisements and any names other than the companies' current legal names, with the Texas department, Audrey Selden, a Texas senior association commissioner, writes in the bulletin.
The advertising filing requirement includes letters, Web sites, prepared sales presentations and telephone scripts as well as letters, radio ads and television commercials, Selden writes.
