When can we start the application process for a viatical settlement license?
Prospective licensees can start the process now. Currently licensed viatical settlement providers and brokers whose Minnesota licenses expire on February 28, 2010, should wait to apply for license renewal using the license renewal application that will be available next year. Please note, however, that viatical settlement contract forms and disclosure statement forms must not be used for transactions initiated on or after August 1, 2009, until they have been approved by the Department of Commerce.
