Insurance License Hub

The Idaho Life Settlement Provider license

Life Settlement Provider

Buys the policy from the owner. Same route as the broker, same ten days, and the same Act calls both of them a life insurance producer license.

Course

None

This license has no pre-licensing course route.

Ways in

1

It requires the state exam.

Exam

$65

Required.

Every way to qualify

  1. Route 1 Hold the life producer line and notify the director within ten days

    State exam required

    The license underneath it

    • an Idaho life insurance producer license under chapter 10 of title 41, which this site carries as its own page

    and the notification, and then again at every renewal

    • Notice to the director on the prescribed form within ten days of the first day of operating as a life settlement provider, and again on each renewal of the life producer license, with the fee set by rule and a written acknowledgment that the producer will operate in accordance with sections 41-1950 through 41-1965

    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. What separates the provider from the broker in Idaho is not the license but the filing: 41-1953 requires the provider's life settlement contracts and disclosure statements to be filed with the director, and 41-1954 puts the annual reporting and the privacy duties on it. The two-year rule at 41-1961 is the one an applicant is likeliest to meet first: no life settlement contract may be entered into within two years of the policy being issued unless one of the Act's stated circumstances applies.

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

No national seller sells a course for this license. Nothing could, for the same reason as the broker: 41-1952 asks for a life insurance producer license and a notification within ten days, and adds no examination of its own.