YOUR LIFE SETTLEMENT BROKER LICENSE RENEWAL - PLEASE READ

Your Life Settlement Broker license is set to expire on March 31, 2012.  To renew your license, please submit the fee and the completed license renewal application. When completing the license application, check the “Life Settlement Broker” box which is located in the bottom left corner of the Check License Type list.  Please note that the fee to renew a Life Settlement Broker license is $128 for a one-year license term. 

Individual Life Settlement Broker License

To renew an individual Life Settlement Broker license, please complete the California Department of Insurance’s (CDI) Application to Renew Individual License, form LIC 448-29A at the following CDI website address:  http://www.insurance.ca.gov/0200-industry/0040-seek-producer-forms/0100-broker-agents/upload/LIC44829aIndRen.pdf

 Business Entity Life Settlement Broker License

To renew a business entity license, complete CDI’s Application to Renew Business Entity License, form LIC 448-29B at the following CDI website address:  http://www.insurance.ca.gov/0200-industry/0040-seek-producer-forms/0100-broker-agents/upload/LIC44829bBERen.pdf

IMPORTANT NOTE:  If you do not submit your Life Settlement Broker license renewal and fees on or before the expiration date of your Life Settlement Broker License, you must discontinue transacting life settlements.  After the expiration date, you would be required to submit a new Individual Life Settlement Broker License Application, Form 441-20, to reactivate your authority as a life settlement broker.  In addition, you would need to re-submit fingerprints if you were unlicensed for more than one year.  A business entity would be required to submit new Business Entity Application for Life Settlement Broker License, LIC 441-18, to reactivate their authority as a life settlement broker (section 2548.7 of the California Code of Regulations). 

If you have any questions regarding the renewal process or any other license questions, please call the Producer Licensing Bureau Toll Free number at 800-967-9331 or submit your inquiry to CDI’s Producer Licensing Bureau’s E-mail Inquiry Services at the following website link: http://www.insurance.ca.gov/0200-industry/0200-prod-licensing/0400-other-info/0800-questions-answers/education/continuing-ed/email.cfm

Please disregard this notice if you have already renewed your Life Settlement Broker license.

Thank you.

Producer Licensing Bureau

800-967-9331