Licensing Procedures – Life Settlement Brokers
The life settlement broker license allows a person to act as a broker for life or viatical settlement contracts. There is one license for an individual and one for a firm. Each life settlement broker must be appointed to a life settlement provider or affiliated with a life settlement broker firm.
To apply as a resident life settlement broker:
To apply as a nonresident life settlement broker:
* NOTE: This antifraud plan must outline all of the following:
NOTE: The business entity (agency) also must file a Life Settlement Broker Appointment/Affiliation Notice (Form 3025) within 30 days.
Life Settlement Investment Agent
A life settlement investment agent is an appointed or contracted agent of a licensed life settlement provider who, acting on behalf of that provider, solicits or arranges the funding for the purchase of a life settlement by a life settlement purchaser.
To apply as a Life Settlement Investment Agent:
Life Settlement Investment Agent applicants must be registered with an Oregon securities dealer.
Life Settlement Broker Firms
To apply as a life settlement broker firm:
Apply online at NIPR.com.