| | | B. Is competent and trustworthy and intends to act in good | faith in the capacity required by the license of a | | settlement provider; |
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| | | C. Has a good business reputation and has had experience, | training or education so as to be qualified in the business | to which the license relates as a settlement provider; |
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| | | D. If organized under the laws of this State, has provided | | a certificate of good standing from this State. If the | | applicant is a foreign entity, it must provide a certificate | | of good standing from its state of organization and a | certificate of good standing from this State; and |
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| | E. Or any Has no officer, partner, director, member or key | management personnel of the applicant that has not been | convicted of a felony of which fraud was an element. been | | found guilty of, or has pleaded guilty or nolo contendere | | to, any crime involving fraud or moral turpitude, regardless | | of whether a judgment of conviction has been entered by the | | court; and |
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| | | F.__Has provided an antifraud plan that meets the | | requirements of section 6818. |
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| | | 7. Financial responsibility. The following evidence Evidence | | of financial responsibility must be provided to the | superintendent before a license may be issued in accordance with | | this subsection. |
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| | A. A viatical settlement provider shall provide evidence of | | financial accountability.__Such evidence may include, but is | | not limited to, a binding and committed lending facility of | | at least $1,000,000 with a term of at least one year or a | | net worth in excess of $100,000. |
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| | | 8. Nonresidents. The superintendent may not issue a | | settlement provider license to a nonresident applicant unless a | | written designation of an agent for service of process is filed | | and maintained with the superintendent or the applicant has filed | | with the superintendent the applicant's written irrevocable | | consent that any action against the applicant may be commenced | | against the applicant by service of process on the | | superintendent. |
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| | | 9. List. The superintendent shall maintain a complete list | of all viatical settlement providers licensed or with license | | pending in this State. The list must be available upon request | | to the general public. |
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