LIFE SETTLEMENT - Payment of a portion of the proceeds from Life Insurance to an Insured who is terminally ill.LIFE SETTLEMENT BROKER LICENSE - Authority to advertise/advise a person on availability of life settlement (for fee, commissions or other valuable consideration). Represents only Viator's interests. (REF: Public Act No. 08-175)LIFE SETTLEMENT PROVIDER LICENSE - Authority to enter into or effectuate a Viatical or Life Settlement contract.
CGS §38a-465 - see Laws and Regulations
Initial: $66.00Reinstatement: $66.00Renewal: $40.00No pro-rating, non-refundable $26.00 application fee
One (1) year - Renews April 1st EVERY year.
Apply on the Department's website at ONLINE Application Select “Online Application for Individuals” or “Online Application for Business Entities”
Renewal applications are EMAILED about 90 days before expiration date.The Department does not accept online renewals for this license type.
After April 1st EVERY year, Reinstate the license by applying on the Department's website at ONLINE Application Select “Online Application for Individuals” or “Online Application for Business Entities”
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Resident individuals with only a LIFE SETTLEMENT BROKER license need 15 hours of continuing education in the Life/Health category every two years.