Life settlement brokers represent only the owner and owes a fiduciary duty to the owner. They act according to the owner's instructions and in the best interest of the owner.
What are the fees for a life settlement broker license?
Review life settlement broker new license, renewal and reinstatement fees.
The one-year life line of authority producer license requirement
- If you have held an active producer license with a life line of authority (LOA) for at least one year, you may apply for a life settlement broker license. If you're a non-resident applicant, you have to have a life line license in Washington state and you have to have held a life line license in your home state for at least a year.
- If you haven't held a producer license with a life LOA for at least one year, you cannot apply for this license.
- Individual resident applicants will need to have their fingerprints taken again if their last set is more than a year old. There is no fingerprint requirement for individual non-resident applicants.
After meeting the one-year life line of authority license requirement, apply for your license online.