Do you have to hold a life insurance producer license in order to apply for a Viatical Settlement Broker license?
Yes. You must first hold either a resident or non-resident life insurance producer license in order to apply for an Illinois Viatical Settlement Broker license. You must also have been licensed for at least one consecutive year in either Illinois or your home state in order to qualify for a Viatical Settlement Broker license and you must complete an approved four hour training course that meets the requirements of Section 11 of the Act.
Related Questions
- If I hold a real estate broker, salesperson or appraiser license, are my registration, education and examination requirements different?
- Does a viatical settlement provider or broker already licensed in Minnesota need to file a new license application?
- Does a non-resident need to hold a life license in Illinois and a Viatical Settlement Brokers license in Illinois?
