Who is defined as a person soliciting or attempting to negotiate a viatical settlement contract?

The individual who is defined as a person soliciting or attempting to negotiate a viatical settlement contract is recognized as a viatical settlement agent. This role involves working directly with individuals seeking to sell their life insurance policies, typically due to a terminal illness or significant medical condition. The viatical settlement agent facilitates the transaction by assisting the policyholder in understanding their options, negotiating terms, and ultimately reaching an agreement with the viatical settlement provider, who is the entity purchasing the policy.

In the context of viatical settlements, it is essential to distinguish between the roles within this field. A viatical settlement provider is the company or organization that buys the life insurance policy, while a viatical settlement broker represents the interests of the policyholder and finds the best settlement offers from multiple providers. An insurance adjuster, on the other hand, is typically involved in property and casualty insurance claims, not directly in viatical settlements. Thus, the focus on the role of the viatical settlement agent accurately aligns with the definition provided in the question.