Department of Insurance

• Each person or entity licensed as a Life Settlement Broker or Provider must also be licensed for the Life line of authority as an Idaho Producer.
• All life settlement contract forms and disclosure statements must be filed with the Department of Insurance before being used in Idaho
• Life settlement providers and brokers will be subject to examination by the Department and must retain life settlement records for at least five years
• Life settlement providers or brokers must provide specific disclosures to the policy owner at or before the time a life settlement contract is signed by the owner
• The Act provides the policy owner with an absolute right to rescind a settlement contract within 20 days of the date it was executed
• The Act identifies prohibited practices relating to life settlement transactions

• Appendix A-1 Life Settlement Provider Report - Idaho TransactionsOnly
• Appendix A-2 Life Settlement Provider Report - Instructions
• Appendix A-3 Life Settlement Provider Supplemental Report - IdahoTransactions Only
• Appendix A-4 Life Settlement Provider Supplemental Report -Instructions
• Appendix B - Disclosure to Owner
• Appendix C - Life Settlement Provider's Disclosure to Owner UponSettlement
• Appendix D - Life Settlement Broker's Disclosure Form

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