# Tenn. Code Ann. § 56-50-106: Reporting requirements and privacy > Tennessee · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C50_S56-50-106 ## Section - **Citation:** Tenn. Code Ann. § 56-50-106 - **Heading:** Reporting requirements and privacy - **Jurisdiction:** Tennessee - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** TN Code / Title 56 / Chapter 50 / Section 56-50-106 ## Text (a) Each viatical settlement provider shall file with the commissioner on or before March 1 of each year an annual statement containing such information as the commissioner may prescribe by regulation. In addition to any other requirements, the annual statement shall specify the total number, aggregate face amount and life settlement proceeds of policies settled during the immediately preceding calendar year, together with a breakdown of the information by policy issue year. (b) Except as otherwise allowed or required by law, a viatical settlement provider, viatical settlement broker, viatical settlement investment agent, insurance company, insurance producer, information bureau, rating agency or company or any other person with actual knowledge of an insured's identity shall not disclose that identity as an insured or the insured's financial or medical information to any other person unless the disclosure: (1) Is necessary to effect a viatical settlement between the viator and a viatical settlement provider and the viator and insured have provided prior written consent to the disclosure; (2) Is necessary to effect a viatical settlement purchase agreement between the viatical settlement purchaser and a viatical settlement provider and the viator and insured have provided prior written consent to the disclosure; (3) Is provided in response to an investigation or examination by the commissioner or any other governmental officer or agency or pursuant to the requirements of § 56-50-114(c) ; (4) Is a term of or condition to the transfer of a policy by one (1) viatical settlement provider to another viatical settlement provider; (5) Is necessary to permit a financing entity, related provider trust or special purpose entity to finance the purchase of policies by a viatical settlement provider and the viator and insured have provided prior written consent to the disclosure; (6) Is necessary to allow the viatical settlement provider or viatical settlement broker or their authorized representatives to make contacts for the purpose of determining health status; or (7) Is required to purchase stop loss coverage or financial guaranty insurance. Acts 2009, ch. 604, § 7. (a) Each viatical settlement provider shall file with the commissioner on or before March 1 of each year an annual statement containing such information as the commissioner may prescribe by regulation. In addition to any other requirements, the annual statement shall specify the total number, aggregate face amount and life settlement proceeds of policies settled during the immediately preceding calendar year, together with a breakdown of the information by policy issue year. (b) Except as otherwise allowed or required by law, a viatical settlement provider, viatical settlement broker, viatical settlement investment agent, insurance company, insurance producer, information bureau, rating agency or company or any other person with actual knowledge of an insured's identity shall not disclose that identity as an insured or the insured's financial or medical information to any other person unless the disclosure: (1) Is necessary to effect a viatical settlement between the viator and a viatical settlement provider and the viator and insured have provided prior written consent to the disclosure; (2) Is necessary to effect a viatical settlement purchase agreement between the viatical settlement purchaser and a viatical settlement provider and the viator and insured have provided prior written consent to the disclosure; (3) Is provided in response to an investigation or examination by the commissioner or any other governmental officer or agency or pursuant to the requirements of § 56-50-114(c) ; (4) Is a term of or condition to the transfer of a policy by one (1) viatical settlement provider to another viatical settlement provider; (5) Is necessary to permit a financing entity, related provider trust or special purpose entity to finance the purchase of policies by a viatical settleme mmissioner or any other governmental officer or agency or pursuant to the requirements of § 56-50-114(c) ; (4) Is a term of or condition to the transfer of a policy by one (1) viatical settlement provider to another viatical settlement provider; (5) Is necessary to permit a financing entity, related provider trust or special purpose entity to finance the purchase of policies by a viatical settlement provider and the viator and insured have provided prior written consent to the disclosure; (6) Is necessary to allow the viatical settlement provider or viatical settlement broker or their authorized representatives to make contacts for the purpose of determining health status; or (7) Is required to purchase stop loss coverage or financial guaranty insurance. (1) Is necessary to effect a viatical settlement between the viator and a viatical settlement provider and the viator and insured have provided prior written consent to the disclosure; (2) Is necessary to effect a viatical settlement purchase agreement between the viatical settlement purchaser and a viatical settlement provider and the viator and insured have provided prior written consent to the disclosure; (3) Is provided in response to an investigation or examination by the commissioner or any other governmental officer or agency or pursuant to the requirements of § 56-50-114(c) ; (4) Is a term of or condition to the transfer of a policy by one (1) viatical settlement provider to another viatical settlement provider; (5) Is necessary to permit a financing entity, related provider trust or special purpose entity to finance the purchase of policies by a viatical settlement provider and the viator and insured have provided prior written consent to the disclosure; (6) Is necessary to allow the viatical settlement provider or viatical settlement broker or their authorized representatives to make contacts for the purpose of determining health status; or (7) Is required to purchase stop loss coverage or financial guaranty insurance. Acts 2009, ch. 604, § 7. ## Nearby sections - [Tenn. Code Ann. § 56-50-101 Scope and short title](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C50_S56-50-101.md) - [Tenn. Code Ann. § 56-50-102 Chapter definitions](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C50_S56-50-102.md) - [Tenn. Code Ann. § 56-50-103 License and bond requirements](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C50_S56-50-103.md) - [Tenn. Code Ann. § 56-50-104 License revocation and denial](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C50_S56-50-104.md) - [Tenn. Code Ann. § 56-50-105 Approval of viatical settlement contracts and disclosure statements](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C50_S56-50-105.md) - [Tenn. Code Ann. § 56-50-106 Reporting requirements and privacy](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C50_S56-50-106.md) - [Tenn. Code Ann. § 56-50-107 Examination or investigations](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C50_S56-50-107.md) - [Tenn. Code Ann. § 56-50-108 Disclosure to viator](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C50_S56-50-108.md) - [Tenn. Code Ann. § 56-50-109 Disclosure to insurer](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C50_S56-50-109.md) - [Tenn. Code Ann. § 56-50-110 General rules](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C50_S56-50-110.md) - [Tenn. Code Ann. § 56-50-111 Prohibited practices](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C50_S56-50-111.md) - [Tenn. Code Ann. § 56-50-112 Prohibited practices and conflicts of interest](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C50_S56-50-112.md) - [Tenn. Code Ann. § 56-50-113 Advertising for viatical settlements and viatical settlement purchase agreements](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C50_S56-50-113.md) - [Tenn. Code Ann. § 56-50-114 Fraud prevention and control](https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C50_S56-50-114.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TN_T56_C50_S56-50-106. Check the current official text before relying on it. Not legal advice.