Connecticut General Statutes/Title 38a/Chapter 700b/Section 38a-465o

CGS § 38a-465o. Life settlement broker deemed to represent only the owner. Fiduciary duty to owner.

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.

Short History

(P.A. 03-152, S. 13; P.A. 08-175, S. 16.)

Long History

History: P.A. 08-175 replaced “viatical settlement” with “life settlement” and made conforming changes.

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