Insurance License Hub

The Indiana Viatical Settlement Provider license

Viatical Settlement Provider

Buys a life policy from the person insured under it, or finances somebody else who does. It is the only one of Indiana's three viatical roles that is actually licensed, and it costs a thousand dollars and asks for a hundred and fifty thousand of net worth.

Course

None

This license has no pre-licensing course route.

Ways in

1

There is no state exam for this license.

Exam

n/a

Not required on any of the routes below.

Every way to qualify

  1. Route 1 Apply to the Department by post

    No state exam for this license

    The fee and the net worth

    • A $1,000 licensing fee, and a copy of the most current audited financial statement showing a net worth of not less than $150,000.

    and who owns and runs it

    • Organization documents including articles of incorporation or association, the partnership agreement and the by-laws, originally signed and notarized biographical affidavits for every officer, director, stockholder, investor, partner, trustee or member holding ten percent or more of the voting securities, a list of all business licenses, and a listing of parent, subsidiary and affiliated entities.

    and the forms, approved before use

    • A copy of every viatical settlement contract to be used with the Department's contract compliance checklist, a copy of every disclosure form with its own checklist, and a plan of operation covering escrow accounts and banks, advertising and marketing techniques. A nonresident applicant also files a uniform consent to service of process.

    IC 27-8-19.8-1 and 760 IAC 1-61-1. The application and every document go by postal mail, which the Department states outright, and it is the only Indiana license class here that cannot be filed electronically. The other two viatical roles are not licensed and the Department answers that itself in its own FAQ: a viatical settlement agent or broker files a declaration and "The declaration is not a license, rather it is a document that declares the individual or company will be acting as a agent/broker in the state. As long as the individual has a current life license, the broker/agent viatical declaration will remain active."It is perpetual, it costs nothing, and it rests on an Indiana life producer license the person already holds, which is Iowa's test answered by the department in one sentence.

    Read at the Department on 2026-08-19

No national seller sells a course for this license, and nothing could. The license is granted on a $1,000 fee, $150,000 of net worth and a plan of operation filed by post, with no examination and no course.