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Life Settlement Broker License, Firm - Initial
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| Applicable to: |
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All business names. |
| Description: |
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Application for first-time license & reinstatement; fees; requirements; miscellaneous forms & links. License to advertise/advise a person on availability of life settlement (for fee, commission or other valuable consideration). Represents only policy owner's interests.
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| Statute: |
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CGS 38a-465 through 465g |
| Transaction Type: |
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Initial |
| Duration: |
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Annual. License expires March 31 of every year. |
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| Prerequisites: |
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Nonresident applicants must hold equivalent license in any other state.
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| Required Documentation: |
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Completed application, fee, Biographical Affidavits for each individual who will act in this capacity on behalf of the firm AND an anti-fraud plan. Additional requirements, including anti-fraud plan specific requirements, can be found at: http://www.ct.gov/cid/cwp/view.asp?a=1266&Q=423032.
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| Other Information: |
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Data collection forms used by brokers are required to be filed with the Life and Health Division prior to use and must contain all disclosures required by PA 08-175. Data collection forms may not be labeled as applications for life settlement contracts. Applications for life settlement contracts must be filed by providers and approved by the Department.
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| Applications, Forms & Other: |
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Biographical Affidavit for Life Settlement Broker (Must Be Provided for All Individuals Acting on Behalf of the Business Entity)
ONLINE APPLICATION (Adjusters, Appraisers, Consultants, Life Settlement Brokers, Resident Producers, Reinsurance Intermediaries, Surplus Lines Brokers)
ONLINE CHANGE FORM (Update License Information)
PAPER APPLICATION
REQUEST FORM (Certification/Clearance Letter)
REQUEST FORM (Duplicate License)
STATUTES - Title 38a - Insurance
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| Application Fee: |
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Eff Oct 1 2009 - $66 payable to Treasurer, State of CT |
| Fee Exemptions: |
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None |
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| Agency: |
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Department of Insurance |
| Phone: |
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(860) 297-3955 |
| Mailing Address: |
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State of Connecticut Insurance Dept, Licensing Division (Standard Mail: PO Box 816, Hartford, CT 06142-0816) (Overnight Mail: 153 Market St, 7th Fl, Hartford, CT 06103) |
| Email Address: |
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toby.sullivan@ct.gov |
| Website: |
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www.ct.gov/cid
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| Agency Notes: |
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None
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Last Updated: 9/24/2009
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