The Iowa Viatical Settlement Provider license
Viatical Settlement Provider
Buys life policies from the people insured by them and pays the viator a sum for the policy. Licensed on an investigation rather than an examination, and it files an annual statement every March.
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
-
Route 1 Satisfy the Commissioner on plan, character and reputation
No state exam for this license
-
A detailed plan of operation; competence, trustworthiness and an intention to act in good faith; a good business reputation and experience, training or education qualifying the applicant for the business; and an antifraud plan under Iowa Code section 508E.15(7)
Iowa Code 508E.3(5), which is four findings the Commissioner makes after investigating the applicant. No examination and no course, and the qualification limb asks for experience, training OR education without setting an hour count against any of them. 508E.3(4) lets the Commissioner require the identity of every stockholder, partner, officer, member and employee, and refuse the license if anybody who may materially influence the applicant's conduct falls short. The term is three years. The Division adds two operating duties the statute's licensing section does not: an annual statement by 1 March under 508E.6 and Iowa Administrative Code rule 191-48.7, and, since 2021, filing everything electronically through OPTins rather than on paper.
Read at legis.iowa.gov on 2026-08-18
-
No national seller sells a course for this license. There is no examination and no course. Iowa Code 508E.3(5) qualifies the applicant on a detailed plan of operation, competence and trustworthiness, a good business reputation and an antifraud plan.