Life Settlement Provider

Description:

A Life Settlement Provider is authorized to enter into a contract with an owner of a life insurance policy, providing compensation to the owner in return for the assignment, transfer, sale release or bequest of any portion of the death benefit, ownership of the policy or beneficial interest in the policy. 

Licensing Requirements:

Persons seeking to be licensed in New York State as a Life Settlement Provider must apply to the NYS Department of Financial Services.

Licenses Issued and Active:

In 2020 there were zero licenses issued for this occupation.
As of 12/31/20, there were 22 active licenses for this occupation.

Licensing Authority:

NYS Department of Financial Services
Applications and Licensing
One Commerce Plaza
Albany, New York 12257

Standard Occupational Classification:

41-3021 - Insurance Sales Agents
To learn more about this occupation search the Occupational Information Network (O*Net).

Disclaimer:

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 5/21/21.