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The Minnesota Viatical Settlement Provider license

Viatical Settlement Provider

Buys a life policy from its owner for less than the death benefit. Minnesota licenses it by the viator's residence rather than by the provider's, so the question is where the seller of the policy lives.

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 Satisfy the commissioner on six findings, one of them a plan of operation

    No state exam for this license

    The plan of operation

    • A detailed plan of operation, which the statute asks of a provider and of neither of the other two licenses in the chapter

    and qualification for the business

    • A good business reputation, and experience, training or education qualifying the applicant for the business applied for, with no period and no hour count set on any limb

    and financial responsibility

    • A surety bond in favor of the State from an insurer authorized to issue surety bonds here, or a deposit of cash, certificates of deposit or securities, in an amount the commissioner determines and may ask to see again at any time

    and an antifraud plan

    • An antifraud plan meeting Minn. Stat. 60A.9583

    Minn. Stat. 60A.9572, subd. 8 is six findings and none of them is a course or an examination: a detailed plan of operation for a provider; competence, trustworthiness and an intention to act in good faith; a good business reputation with experience, training or education qualifying the applicant for the business; evidence of financial responsibility for a provider or a broker, by surety bond in favor of the State or by a deposit of cash, certificates of deposit or securities in an amount the commissioner sets; a certificate of good standing for a legal entity; and an antifraud plan meeting 60A.9583 for a provider or a broker. The fee is $750 to issue and $250 every year after, and 60A.964, subd. 2 revokes the license automatically for missing it. Subdivision 1 is the territorial test and it is the viator's: no person may operate as a provider "without first obtaining a license from the commissioner of the state of residence of the viator", so a provider anywhere needs this license to deal with a Minnesotan. Hawaii and Washington write the same test the same way. Subdivision 7 makes the license cover a legal entity's named partners, officers, members and designated employees.

    Read at revisor.mn.gov on 2026-08-19

No national seller sells a course for this license, and nothing could: Minnesota's viatical chapter qualifies a provider on a plan of operation, a reputation, financial responsibility and an antifraud plan, and asks for no examination and no course.