Insurance License Hub

The California Life Settlement Broker license

Life Settlement Broker

Brokers the sale of a life policy by the person insured under it. California splits the trade into two instruments by seniority: a life agent of at least a year notifies the Department within ten days of starting, and everybody else needs this license first.

Course

None

This license has no pre-licensing course route.

Ways in

2

None of them requires a state exam, because this license has none.

Exam

n/a

Not required on any of the routes below.

Every way to qualify

More than one route leads to this license, and which one you take changes what you study and whether you sit the exam. There is no pre-licensing course among them: this license is qualified for by applying for it with no examination anywhere or a license already held.

  1. Route 1 Apply for the license, holding no life agent license or one under a year old

    No state exam for this license

    • An Applicant Certification, signed by the applicant or by the person with authority to bind the business entity, certifying that they have reviewed sections 10113.1 through 10113.3 of the California Insurance Code

    The Department's rule is a seniority test rather than a qualification: "individuals and business entities that do not hold a life agent license or life agents who have been licensed for less than one year who intend to operate as a life settlement broker must first obtain a Life Settlement Broker license". No course, no examination and no experience bar; what the applicant certifies is having read the statute. $188 to file, and the fee schedule prints N/A under late renewal.

    Read at the Department on 2026-08-20

  2. Route 2 Hold a life agent license a year or more, and notify instead

    No state exam for this license

    • 1 year a California life agent license held for at least one year, which replaces this license with a notification

    The other half of the same rule: a life agent licensed for at least a year is "required to notify CDI within ten days from the first day of operating as a life settlement broker" and takes no license at all. The Department's fee schedule prices that notification separately, as Brokering Life Settlement (LOLS) at $188, so the two routes cost the same and only one of them is a license. New Jersey replaced a closed license with a registration; California runs both instruments at once and lets the applicant's seniority pick.

    Read at the Department on 2026-08-20

California requires no course and gives no examination for this license. The route into it for anybody already selling life insurance is the life agent license, and that page carries the course list.