Life settlement broker/expectancy estimator

Exam

You do not need to take an exam for a life settlement broker license.

Fingerprint background check

• Most people who apply for a license must: (1) get a fingerprint background check from IdentoGO, and (2) send us a copy of the IdentoGO receipt showing that their fingerprints were sent to the Texas Department of Public Safety.
• Some people can ask for an exemption from getting a fingerprint background check. To learn more, see the Texas Administrative Code.

• You do not need to get a fingerprint background check if:
  • You live in Texas and (1) have an active license or registration with us, and (2) have already submitted fingerprints.
  • You don’t live in Texas, but do hold an active resident license in your home state. If you don’t, you must send one of the following with your application:
    • Your criminal history record from your state’s law enforcement agency, or
    • Your current Certificate of Good Standing from your state.
• To receive your fingerprint service code and instructions, you must begin the application process on TDI’s online initial application and fingerprint portal.
• To learn more, read the fingerprinting requirements and instructions.

Application: individual

• If you have been licensed as a life or health insurance agent for at least one year, or
• In the person's home state for at least one year and is licensed as a nonresident life or health insurance agent in this state:
  • Apply online by using the link provided below for a Life Stlmt Bkr Regr - Life Agt registration.
  • Otherwise, you will need to apply using the link provided below for a Life Settlement Broker or Life Stlmnt LE Estimator license: 
• Apply online by using  Sircon, Review the following tutorials before starting the application process.
  • Resident Individual Life Settlement application tutorial (PDF)
  • Non-Resident Individual Life Settlement application tutorial - via reciprocity (PDF)
  • Non-Resident Individual Life Settlement application tutorial - no home state (PDF)
  • Documents that must be attached to your Individual Life Settlement license application
• The application fee is $50.
• Tips for successful application processing.

Application: agency

• Apply online by using Sircon. Review the following tutorials before starting the application process.
  • Resident Entity Life Settlement broker/expectancy estimator application tutorial (PDF)
  • Non-Resident Entity Life Settlement broker/expectancy estimator application tutorial (PDF)
  • Documents that must be attached to your Firm Life Settlement broker/expectancy estimator license application.
• The application fee is $50.
• Tips for successful application processing.

Temporary license

A temporary license is not offered for a life settlement broker license.

Emergency license

An emergency license is not offered for a life settlement broker license.

Provisional permit

A provisional permit is not offered for a life settlement broker license.

Laws: Texas Insurance Code

Life Settlements are licensed under  Texas Insurance Code (TIC) Chapter 1111A and regulations are found in  28 Texas Administrative Code (TAC) Chapter 3. Life Settlements can be both an insurance product and a securities product. This may subject them to the jurisdiction of the Texas Department of Insurance and the State Securities Board (SSB). However, only the initial transaction, which is the sale of the policy from the initial policy owner to the provider (negotiated by the broker) is regulated by the Texas Department of Insurance.