The Alaska Viatical Settlement Provider 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)(4) defines the provider as the person other than the viator who enters into the contract, and reaches through to whoever finances the purchase or sells the policies on afterwards. AS 21.96.110(c) is the operating burden: the contract forms, the viator and insured disclosure statements and the advertising materials all have to be filed with the director and approved by the director. AS 21.96.110(e) forbids disclosing the identity of the viator or the insured to anybody, unless the viator waives it in a signed writing. The fee is $300 under 3 AAC 31.025, initial or biennial renewal, resident or non-resident.

Read at the Department on 2026-08-18