A Life Settlement Broker is licensed to solicit, negotiate or offer to negotiate an agreement under which compensation is provided to the owner of a life insurance policy in return for assignment, transfer, sale, release devise or bequest of any portion of
To qualify for a license, the licensing candidate must meet the following prelicensing requirements on the NYS Department of Financial Services website.Applications and Licensing
Licenses are issued for up to 2 years. Individual/tba licenses will be issued with an expiration date determined by the applicant’s date of birth:
All licensing fees are non-refundable. A full fee is charged when a license is issued for a licensing period of more than one year; a half fee is charged when a license is issued for a period of one year or less.
For New York residents the full fee is $80, half fee is $40.
NYS Department of Financial Services
1 State Street
New York, NY 10004-1511
13-2099 - Financial Specialists, All Other
To learn more about this occupation search the Occupational Information Network (O*Net).
Fees stated and other information contained in this report are subject to change. Please contact the licensing authority listed above for the most current information.
This page was last updated on 2/24/21.
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