Exceptions to Licensing
License Information
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.
