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.
(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.
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