What must a viatical settlement provider give to the insurer to verify coverage?

A viatical settlement provider must give certification and independent evidence to the insurer to verify coverage. This requirement is crucial because it demonstrates that the provider has the authority to facilitate the settlement of a life insurance policy. Certification can include documents that establish the validity of the policy, confirm ownership, and prove that the policy is in force. Independent evidence may consist of third-party verification or documentation that corroborates the provider's claims about the policyholder's health status and the nature of the coverage.

Providing this information helps maintain the integrity of the insurance process and ensures that all parties involved are operating transparently. It builds trust and ensures compliance with regulatory standards governing viatical settlements. This is an important aspect of protecting both the insurer's interests and the rights of the policyholder.

Other options, such as proof of the policyholder’s income, a summary of past claims, or a list of beneficiaries, do not directly serve the purpose of verifying coverage. While they may be relevant in other contexts, they are not specifically required for establishing the validity of a viatical settlement with the insurer.