Notwithstanding the manner in which the life settlement broker is compensated, a life settlement broker is deemed to represent only the owner and owes a fiduciary duty to the owner to act according to the owner's instructions and in the best interest of the owner.(P.A. 03-152, S. 13; P.A. 08-175, S. 16.)History: P.A. 08-175 replaced 'viatical settlement' with 'life settlement' and made conforming changes. Notwithstanding the manner in which the life settlement broker is compensated, a life settlement broker is deemed to represent only the owner and owes a fiduciary duty to the owner to act according to the owner's instructions and in the best interest of the owner.(P.A. 03-152, S. 13; P.A. 08-175, S. 16.)History: P.A. 08-175 replaced 'viatical settlement' with 'life settlement' and made conforming changes.
Connecticut Legal Code
§ 38a-465o
Connecticut Title 38a — Connecticut law
Source: https://www.cga.ct.gov/current/pub/chap_700b.htm#sec_38a-465o· Version 2026