626.9929  Grace period.--A viatical settlement provider or viatical settlement broker that was transacting business in this state on June 30, 1996, may continue to transact such business until the department approves or disapproves the provider's or broker's application for licensure if the provider or broker files with the department an application for licensure and all forms currently in use no later than November 1, 1996, and if the provider or broker complies with all other provisions of this act.