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AGENTS & BROKERS: LIFE SETTLEMENT BROKER (LS)

LICENSE INFORMATION

Exceptions to Licensing

Section 10113.2 (b)(1)(B) of the California Insurance Code (CIC) states, in part, that a person licensed as an attorney, certified public accountant, or financial planner accredited by a nationally recognized accreditation agency, who is retained to represent the owner, and whose compensation is not paid directly or indirectly by the provider or purchaser, may negotiate a life settlement contract on behalf of the owner without having to obtain a license as a broker.

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