Life settlement broker/expectancy estimator

Update contact information

• You must notify us immediately of changes to your contact information, legal name, or business name or address.
• Fill out the Application for Renewal, Surrender, or Change of Information for Life Settlement Provider or Broker (Form FIN431)

Print license

Please contact license@tdi.texas.gov to request a copy of your license.

Continuing education credits

• Individual Requirement: A life settlement broker must complete at least 15 hours of department-certified life settlement continuing education during each two-year license period.
• Entity Requirement: Each owner, partner, director, member, officer, and designated employee must complete at least 15 hours of department-certified life settlement continuing education during the two-year license period.

The 15 hours of continuing education that a broker must complete during each two-year license period must include:

• at least six hours on the duties of life settlement brokers under Insurance Code Chapter 1111A, the requirements of this subchapter, and additional topics addressing statutes enacted and rules adopted subsequent to the effective date of this section, provided that the statutes or rules relate specifically to life settlement contracts;
• at least three hours on ethics and consumer protection; and
• at least six hours on life insurance.

Exemptions: A life settlement broker is not subject to the requirements if:

• the life settlement broker or the owner, partner, director, member, officer, or designated employee of the life settlement broker has been associated with the licensed entity for less than two years; or
• the life settlement broker holds a life insurance agent license or acts solely as a life expectancy estimator. A life insurance agent must continue to meet all applicable license and continuing education requirements for the life insurance agent license.

License renewal

• Renew online by using Sircon. Review the following tutorials before starting the application process:
  • Life Settlement Broker Individual Renewal application (PDF)
  • Life Settlement Broker Entity Renewal application (PDF)
• The renewal application fee is  $50 (non-refundable).
• The late fee is $25.

Cancel license

Surrender by paper form: Fill out the Application for Renewal, Surrender, or Change of Information for Life Settlement Provider or Broker (Form FIN431).

Letter of certification

You can ask for a letter of certification (proof you have a license in Texas) by going to Sircon. You will need to pay $11, plus any additional fees Sircon might charge.