About broker licensing

The life settlement broker license allows a person to act as a broker for life or viatical settlement contracts. There is one license for an individual and one for a firm. Each life settlement broker must be appointed to a life settlement provider or affiliated with a life settlement broker firm.

Individual life settlement brokers 

  • Apply online at NIPR.com
  • Submit the fingerprint information from the PSI testing center. 
  • Submit antifraud plan.* 
  • Submit a copy of each life settlement contract, policyholder, or certificate-holder application, and disclosure statement intended for use in Oregon. 

To apply as a nonresident life settlement broker:

  • Apply online at NIPR.com
  • Submit antifraud plan that covers:
    • Procedures for detecting and investigating possible fraudulent life settlement acts and for resolving material inconsistencies between medical records and insurance applications. 
    • Procedures for reporting possible fraudulent life settlement acts to the director. Description of the plan for antifraud education and training of underwriters and other personnel. 
    • ​Description or chart outlining the organizational arrangement of the antifraud personnel who investigate and report possible fraudulent life settlement acts and investigate unresolved material inconsistencies between medical records and insurance applications. 

Life settlement broker firms

Note: Assumed business names must be registered with the Secretary of State Corporation Division. 

The business entity (agency) also must file a Life Settlement Broker Appointment/Affiliation Notice (Form 3025) within 30 days. Word | PDF​

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