Insurance License Hub

The Ohio Viatical Settlement Provider license

Viatical Settlement Provider

Buys the life policy the broker is selling. Ohio asks it for a quarter of a million dollars of financial responsibility and for a written account of how it works out how long people will live.

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 File the plan of operation and apply

    No state exam for this license

    Plan of operation

    • A detailed plan of operation filed with the application.

    and financial responsibility

    • Audited financial statements showing a minimum equity of not less than $250,000 in cash or cash equivalents.

    • or

      Audited annual financial statements showing positive equity, together with a $250,000 surety bond in favor of Ohio from an authorized surety insurer.

    • or

      Audited annual financial statements showing positive equity, together with an unconditional and irrevocable letter of credit, a deposit of cash, or securities, in any combination totalling $250,000.

    and life expectancy method

    • A general description of the method the applicant will use to determine life expectancies, covering how it will receive them, how it will use them, its intended use of life expectancy providers, and a written plan of the policies and procedures behind them.

    and anti-fraud plan

    • An anti-fraud plan meeting Ohio Revised Code 3916.18(G).

    Ohio Revised Code 3916.03(C)(1) and (D). The Department licenses the provider through its corporate side rather than its agent side, which is why the provider has no page among the agent license types and the broker does, and why the agent fee chart prices the broker and not the provider. The license runs on the same March cycle as the broker's. There is no examination and no course. The life expectancy requirement was added by Senate Bill 131 of the 134th General Assembly, effective 29 December 2023, and it is the substantive difference between this license and the broker's: a provider has to explain in writing how it decides how long a viator will live, because that is what it is pricing.

    Read at codes.ohio.gov on 2026-08-21

Ohio sets no examination and no pre-licensing course for the viatical settlement provider. No national seller prices an Ohio viatical product.