Life settlement broker - business entity resident
A life settlement broker negotiates life settlement contracts between an owner and providers. A life settlement broker represents only the owner and owes a fiduciary duty to the owner to act according to the owner's instructions, and in the best interest of the owner. See RCW 48.102.006 (www.apps.leg.wa.gov).
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Understanding the one-year life line of authority producer license requirement:
- If you have held an active producer license with a life line of authority (LOA) for at least one year in your home state you may continue applying online for a life settlement broker license.
- If you haven't held a producer license with a life LOA for at least one year, you cannot apply for this license.
After meeting the one-year life line of authority license requirement, apply for your license online.