Life Settlement Broker
Description:
Life settlement brokers are special insurance company intermediaries who represent eligible life insurance policyowners, for a fee or a commission, in negotiated arrangements which enable partial policy proceeds payments in advance of death.
Licensing Requirements:
Applicants seeking to become a licensed life settlement broker in New York State must apply to the New York State Insurance Department. Licenses must be renewed annually.
Licenses Issued and Active:
As of September 1, 2010, there were 121 active licenses for this occupation.
Licensing Authority:
New York State Insurance Department
Licensing Services Bureau
One Commerce Plaza, 20th FL
Albany, New York 12257
Phone: (518) 474-6630
Fax: (518) 474-5048
Standard Occupational Classification:
13-2099 - Financial Specialists, All Other
To learn more about this occupation go to the Occupational Information Network (O*Net).