Insurance License Hub

The Washington Life Settlement Broker license

Life Settlement Broker

Represents the owner of a life policy being sold, and owes that owner a fiduciary duty. A year with the life line of authority behind you is the whole qualification, and there is no examination and no course. The Office issues it as a license with its own fees; the Act calls it a notification laid on a producer license.

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 Hold the life line of authority for a year, then notify the commissioner

    No state exam for this license

    The producer license and the year on it

    • 1 year a resident insurance producer license carrying the life line of authority, in Washington or in the applicant's home state, held for at least one year; a nonresident applicant needs the life line in Washington as well as the year in the home state

    and the notification

    • Notice to the commissioner on the prescribed form no later than thirty days from the first day of operating as a broker, with the $100 fee and an acknowledgment that the producer will operate in accordance with chapter 48.102 RCW

    RCW 48.102.021(1) is the entry test and it is a bar rather than a hurdle: only a life insurance producer duly licensed as a resident with a life line of authority here or in the home state for at least a year may operate as a broker. The Office states the consequence plainly on its own page: "If you haven't held a producer license with a life LOA for at least one year, you cannot apply for this license."Subsection (2) is the mechanism, a notification within thirty days of the first day of operating rather than an application approved in advance, and (4) then ties the authority's life to the producer license by making it expire with it. Subsection (3) is the carve-out: an attorney, a certified public accountant or an accredited financial planner retained to represent the owner, whose compensation comes from neither the provider nor the purchaser, negotiates settlements without this at all. The Office's fee tables treat it as a license type with its own new, renewal, late and reinstatement lines, all of them noting that the life producer license has to stay active underneath.

    Read at app.leg.wa.gov on 2026-08-19

No national seller sells a course for this license. Washington examines nobody for it and the qualification is a year on the life line of authority, which is time rather than study.