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.
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.