DE SB37

Removes the $250,000 surety bond requirement for viatical settlement brokers, while maintaining the same bond requirement for viatical settlement providers

Repeals the provision requiring viatical settlement brokers to demonstrate evidence of financial responsibility through bonds, cash deposits, or securities

Updates statutory language by correcting the term "life settlement brokers" to "viatical settlement brokers" for consistency throughout the code

Limits the Commissioner's authority to require bonds or other financial accountability mechanisms to viatical settlement providers only, no longer including brokers