Search Results for: state requirements

West Virginia State Guidelines

West Virginia State Guidelines Related Resource Links Legislation: https://www.wvlegislature.gov/wvcode/code.cfm?chap=33&art=13C Regulation: https://www.wvinsurance.gov/Portals/0/pdf/pol_leg/rules/ins/Series%2080.pdf?ver=2010-04-19-143144-023 Regulatory Forms: Viatical Settlement Brokers Viatical Settlement Provider Licensing & Renewing Instructions Viatical Settlement Provider Application Viatical Settlement Provider Reporting Requirements Viatical Settlement Provider Surety Bond Relevant State Departments of Insurance Contact Info West Virginia Department of Insurance -…

Washington State Guidelines

Washington State Guidelines Related Resource Links Legislation: https://app.leg.wa.gov/rcw/default.aspx?cite=48.102 Regulation: https://apps.leg.wa.gov/wac/default.aspx?cite=284 Regulatory Forms: Life Settlement Provider Application Life Settlement Provider Anti-Fraud Plan Requirements Biographical Affidavit Use of Remote Online Notary Relevant State Departments of Insurance Contact Info Washington Department of Insurance - P.O. Box 40255 Olympia, Washington 98504-0255 Email the Division…

South Carolina State Guidelines

Georgia State Guidelines Related Resource Links Legislation: http://rules.sos.ga.gov/gac/120-2-93 Regulatory Guidance: Link to Licensing Requirements Link to Annual Renewal Filing Instructions Relevant State Departments of Insurance Contact Info Georgia Department of Insurance - 2 Martin Luther King Jr. Dr. West Tower, Suite 702 ATLANTA, GA 30334 Email the Division of Insurance…

Nevada State Guidelines

Nevada State Guidelines Related Resource Links Legislation: https://www.leg.state.nv.us/nrs/NRS-688C.html Regulatory Guidance: Annual Reporting – Brokers Annual Reporting – Providers Relevant State Departments of Insurance Contact Info Nevada Division of Insurance - Carson City office: 1818 E. College Pkwy, Suite 103 Carson City, NV  89706 Las Vegas office: 3300 W. Sahara Ave.,…

Massachusetts State Guidelines

Massachusetts State Guidelines Related Resource Links CURRENT LEGISLATION REGULATORY FORMS: Broker Licensing Requirements Provider Licensing Requirements Relevant State Departments of Insurance Contact Info Massachusetts Division of Insurance - 1000 Washington St. Suite 810 Boston, MA  02118-6200 Email Producer Licensing Visit Website Summary of the State: Support Oppose Neutral TBA Summary…

Georgia State Guidelines

Georgia State Guidelines Related Resource Links CURRENT LEGISLATION REGULATORY FORMS: Link to Licensing Requirements Link to Annual Renewal Filing Instructions Relevant State Departments of Insurance Contact Info Georgia Department of Insurance - 2 Martin Luther King Jr. Dr. West Tower, Suite 702 ATLANTA, GA 30334 Email the Division of Insurance…

Frequently Asked Questions – Consumer Advisors

Why it is important to be knowledgeable about Life Settlements? Simply put, as client’s needs change over time, an advisor needs tools in the toolbox to address these changes with relevant solutions.  By far, the most common reason a policy owner sells a life insurance policy is due to a…

California Guidelines

California State Guidelines Related Resource Links CURRENT LEGISLATION REGULATORY FORMS: Life Settlement Licensee Disclosure to Life Settlement Applicant Life Settlement Broker Disclosure to Owner and Insured Life Settlement Provider Disclosure to Owner Life Settlement Provider Annual Statement Verification of Coverage for Life Insurance Policies Appointment of Agent for Service of…

Alaska Guidelines

Alaska State Guidelines Related Resource Links CURRENT LEGISLATION REGULATORY FORMS Representative Appoint/Terminate Form Provider Application Provider Bond Form Provider Annual Filing Form Relevant State Departments of Insurance Contact Info State of Alaska Department of Commerce, Community and Economic Development Division of Insurance 550 West 7th Avenue, Suite 1560 Anchorage, Alaska…

New York Public Awareness

Preventing Life Settlements Fraud in the State of New York What is a Life Settlement? A life settlement is a lawful and regulated transaction under New York State law. A “life settlement” can be defined simply as the sale of a life insurance policy by the policy owner to a…

Questions to ask life settlement firms

Consumer Advisors Why Sell? – Consumers/Advisors Candidates Policy Value Helping Clients Sales Process Identifying a life settlement firm to settle a policy and minimize pitfalls Your clients may not always have enough information or knowledge to make the best decisions about their financial objectives, but it’s still your job to…

Latest Blogs

05/23/2022

Consumers were paid over $750 Million by LISA Members for the sale of their unwanted life insurance policies

On May 3, the Life Insurance Settlement Association (LISA) released findings from its 2021 Annual Market Data Collection Survey. The data collected represents summary closing…

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02/23/2022

The Evolution of Regulations that have Benefited the Consumer

The life settlement industry was born in 1911 when Supreme Court Justice Oliver Wendell Holmes Jr. and his fellow justices ruled that life insurance is…

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10/13/2021

Combating Inflation with Life Settlement Earnings

Everything is getting more expensive these days. Gas prices are higher, food prices are higher, used car prices are higher—it seems like nothing right now…

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10/06/2021

How Did Insurance Policy Owners Earn $848 Million in 2020?

It’s true—according to “The Life Settlements Report” released by The Deal, 3,241 people sold their life insurance policies in 2020 for a combined total of…

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