The New York Life Settlement Provider license
Life Settlement Provider
Buys life insurance policies from their owners, which is the far side of the transaction a life settlement broker arranges.
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
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Route 1 File the application and the plan of operation
No state exam for this license
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A detailed plan of operation, an anti-fraud plan meeting Insurance Law Article 4, and financial accountability evidenced by a bond or another method the superintendent sets by regulation.
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Full disclosure of every stockholder holding ten percent or more of the voting shares, and of the partners, officers, members, directors and anyone with a controlling interest, with a certificate of good standing from the state of domicile for a legal entity.
Insurance Law 7803 sets no examination and no course. The application goes in duplicate, by email and on paper, and the paper copy carries the check. The license expires on 30 June of odd-numbered years, and 7803(h)(3) requires a renewal application at least sixty days before that. Fingerprints may be required. Both options above are conditions rather than alternatives: 7803(c)(2) lists them together.
Read at nysenate.gov on 2026-08-21
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New York sets no examination and no course for a life settlement provider. No national seller prices a product for it.