LIFE SETTLEMENT – Payment of a portion of life insurance proceeds to an insured individual, typically in exchange for ownership of the policy.

LIFE SETTLEMENT REGISTRATION – Authorization allowing a properly licensed Insurance Producer to operate as a Life Settlement Broker after completing Connecticut registration requirements.

C.G.S. §38a-465 – see Title 38a* Insurance

Initial: $26.00
Reinstatement: $26.00
No pro-rating, non-refundable application fee.

Two (2) years – Expires on the last day of your birth month every other year.

Residents:

Non-Residents:

Registration Filing Requirement

• The registration application and fee must be submitted within 30 days of first operating as a Life Settlement Broker.
• Registration is not required for individuals who already hold an active Connecticut Life Settlement Broker license.

Not applicable.

Life Settlement Registration does not require a separate renewal. Registration remains active while the underlying Producer license remains active.

Not applicable.

Life Settlement Registration is not a separate line of authority and cannot be amended independently.

If your registration lapses:

1. Reinstate your Producer license first (if expired).
2. Submit an amendment application through NIPR to add the Life Settlement Registration back to your license.

Please be reminded that it is your responsibility to keep your contact information current. Failure to receive renewal notices or other important correspondence due to outdated contact information does not excuse you from meeting renewal deadlines or other regulatory requirements. Ensure that your address, phone number, and email are up-to-date to avoid any disruptions in your licensing status.

Update your License Information

See eligibility requirements under How to Apply above.

None.

Not applicable.

• This registration is available only to licensed Insurance Producers with a Life line of authority.
• Fingerprinting is not required for this registration type.