| Updated: |
1/28/2009 |
| Description: |
Life settlement providers solicit and/or negotiate life settlement contracts. A life settlement contract is between a life settlement provider and a terminally ill person holding a life insurance policy. The contract provides that the provider buys the beneficiary's rights to the terminally ill person's life insurance policy. For brokers see "life settlement brokers license." |
| Statutes, Rules, Ordinances: |
ORS 744
OAR 836-014
|
| Duration: |
1 Year |
| Fees - application, exam, etc.: |
$400 |
| Responsible Agency: |
Insurance Division - Licenses |
| Bonding Requirements: |
OAR 836-014-0220 |
| Insurance Requirements: |
None |
| Prerequisites: |
- Disclosure Form for Life Settlement Provider Form 440-3012
- Application for License as Life Settlement Provider Form 440-3015
- Life Settlement Broker Appointment/Affiliation Notice Form 440-3025
|
| Application Form: |
Application for license as life settlement provider (Form 440-3015) |
| Service Links: |
 Search for companies by authorization class
 Life Settlement Provider Application Forms
Agency Contact Information
|
| Additional Information: |
Contact Linda Rothenberger for application information at (503) 947-7227 or email linda.j.rothenberger@state.or.us |
|
| |
Agency Information
|
|
Please refer to the Agency Website for further details and additional information.
|
| Agency Name: |
Insurance Division - Licenses |
| E-mail Address: |
dcbs.insmail@state.or.us
|
| Phone: |
503-947-7980
|
| Mail Address: |
DCBS - Insurance Division
350 Winter St NE
Salem, OR 97301
- 3883
|
| Website Information: |
http://oregoninsurance.org/ |
