The Idaho Life Settlement Broker license

41-1952(1) is the sentence that decides what this license is, and it is not what the Department's page calls it: "A person shall not act as a life settlement provider or life settlement broker where the owner of the life insurance policy is a resident of this state without first obtaining a license from the director as a life insurance producer under chapter 10, title 41, Idaho Code, and complying with the additional requirements set forth in sections 41-1950 through 41-1965."The license is the life producer license. What sits on top of it is a notification: 41-1952(2) gives the producer ten days from the first day of operating to tell the director, on the director's form, with the fee set by rule, and to acknowledge in writing that they will operate under the Act, and the notification is repeated at every renewal of the producer license. The Department's own license types page says "Idaho offers both a Life Settlement Broker license and a Life Settlement Provider license", and its licensing system issues them under those names, which is why they have pages here. Read against 41-1952 they are designations on a life producer license rather than qualifications of their own, and no separate examination, course, bond or net worth appears anywhere in 41-1950 to 41-1965. That makes Idaho the shortest of the settlement schemes on this site. Oregon runs six findings at ORS 744.328 including a plan of operation; Maine's 24-A M.R.S. 6803 asks the provider for $1,000,000 of committed lending or $100,000 of net worth; Idaho asks for a life line and a letter.

Read at legislature.idaho.gov on 2026-08-19