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The Montana Viatical Settlement Provider license

Viatical Settlement Provider

Buys the policy the broker is selling. Montana asks it for a business plan and the contract it intends to use, and it is the one license here whose applicant has to be organized under Montana law or authorized to do business here before the commissioner will look at it.

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 commissioner

    No state exam for this license

    The application and what goes with it

    • An application in a form the commissioner approves with the required fee. The commissioner may ask for biographical, organizational, locational, financial, employment and other information and for a statement of the business plan or plan of operation, and shall require a copy of the viatical settlement contract the applicant intends to use, filed for approval.

    and where the entity is organized

    • A corporate applicant is incorporated or organized under Montana law or is a foreign corporation authorized to transact business here. A partnership applicant is organized under Montana law, and so is any other kind of business entity applicant.

    and financial responsibility and reputation

    • 33-20-1304(1) issues the license only where the commissioner determines that the applicant has satisfied every requirement, has not engaged in conduct that would authorize a refusal, and is financially responsible and of good business reputation.

    33-20-1303(1) requires the license before anybody may act as or purport to be a viatical settlement provider, and there is no examination and no course anywhere in it. 33-20-1304(3) is the shape worth carrying: an individual may act as a provider or a broker under the authority of a firm's or a corporation's license without holding one personally, provided the individual is a member, employee, officer or director and is designated on the license application or on a form amending it. That is the opposite of Pennsylvania's arrangement, where a provider license issued to an entity authorizes its people and a broker license issued to an entity expressly does not.

    Read at mca.legmt.gov on 2026-08-19

Nothing a national seller sells could reach this license. The provider license is granted on an application, a business plan, the contract the applicant intends to use and findings about financial responsibility and reputation, with no examination and no course.