OAR 836-014-0263: Request to Insurer for Verification of Coverage

(1) The life settlement provider or broker shall submit in writing a request for verification of coverage from the insurer on the status of the life insurance policy or certificate of a policyholder. The request shall be in the form illustrated on the Division of Financial Regulation website, or a similar form approved by the director and shall be accompanied by an instruction executed by the policyholder or certificate holder authorizing the insurer to release the specified information referred to in this section to the life settlement provider or to the life settlement broker. (2) A life settlement provider or broker who submits a request under section (1) of this rule must state in the request that the provider or broker is licensed as a life settlement provider in this state and must disclose its license number.