Section 216. No person may use any viatical settlement or loan contract in this state or provide a viator or borrower a disclosure statement form unless it has been filed with and approved by the commissioner. Any viatical settlement or loan contract form or disclosure form filed with the commissioner shall be deemed approved if it has not been disapproved within 60 days of the filing. The commissioner shall disapprove a viatical settlement or loan contract form if, in the commissioner’s opinion, the contract or provisions contained therein are unreasonable, contrary to the interests of the public, or otherwise misleading or unfair to the viator or borrower.