The Alaska Viatical Settlement Broker license

AS 21.96.110(b) is the licensing sentence and it covers all three at once: a viatical settlement provider, representative or broker applies to the director, submits what the director requires, and pays the fee, and nobody may act as one without the license. The section fixes no examination, no course and no experience bar for any of the three. AS 21.96.110(f)(5) hands the qualification standards to regulation and no such regulation has been adopted: 3 AAC 23 covers fingerprinting, examination scores and continuing education and says nothing about viatical settlements, which is the same shape as Delaware’s unused delegation at 18 Del. C. 1751(b) and Massachusetts’s at 162L(a)(3). Alaska also puts a second regulator in the frame: AS 21.96.110(a) gives the director the transactions between viators and providers, and gives the commissioner the viatical settlement investments under AS 45.56, the state securities act. AS 21.96.110(h)(2) defines the broker as acting on behalf of the viator or insured, for a fee, to negotiate contracts between them and one or more providers, and excludes an attorney or accountant retained to represent the viator and paid by them. Alaska is unusual here in what it does not ask: Rhode Island reaches its life settlement broker through a life producer license held for a year, Delaware through a life producer of a year’s standing giving notice, and Vermont through a producer license plus two years of experience and a bond scaled to turnover. Alaska asks for an application and $100. The fee is $100 under 3 AAC 31.025, initial or biennial renewal, resident or non-resident.

Read at the Department on 2026-08-18