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>
Life Settlement
> Special Requirements
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
Return to Life Settlement Menu