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- #11
In my AZ state law book it says
" A producer that is licensed with a life line of authority is deemed to meet the licensing requirements to operate as a life settlement broker as long as they pay any applicable fee and, within the first 30 days of operating as a broker, they must notify the director that they are acting as a broker. A broker may renew a license by paying the renewal fee. The expiration date of the broker authority coincides with the expiration of the life line authority."
So I will be an independent agent, which I understand is acting as a broker. Is that what the above is referencing or is life settlement something different?
" A producer that is licensed with a life line of authority is deemed to meet the licensing requirements to operate as a life settlement broker as long as they pay any applicable fee and, within the first 30 days of operating as a broker, they must notify the director that they are acting as a broker. A broker may renew a license by paying the renewal fee. The expiration date of the broker authority coincides with the expiration of the life line authority."
So I will be an independent agent, which I understand is acting as a broker. Is that what the above is referencing or is life settlement something different?