(1) A viatical settlement provider shall file and have approved by the commissioner application forms, contracts and other forms as required by 33-1-501 and 33-20-1308, MCA.
(2) A viatical settlement provider or broker shall file with the commissioner information brochures, advertising, and other solicitation materials that a provider or broker uses to market viatical settlements to viators or prospective viators in this state before using such materials.
(3) If a viator, prior to effectuating a viatical settlement, requests any changes to a contract form previously approved by the commissioner, the provider shall file a letter with the commissioner requesting a deviation from the standard contract form. The letter must provide:
(a) the name of a viatical settlement provider;
(b) that the viator requested substantive revision;
(c) the form number of the viatical settlement contract that was originally proposed;
(d) the deviations from a standard viatical settlement contract; and
(e) that the payment was reasonable under ARM 6.6.8507.
(4) The provider may not execute a revised viatical settlement contract with a viator until the commissioner has reviewed the revisions and approved the form pursuant to 33-1-501, MCA.