Financial Advisor Information
"Veris is a partner I am comfortable introducing to my most valued clients.”

-Paul Gomperz, President, Volunteer Benefit Systems

How to Get Licensed For Life Settlements in New York

With the New York life settlement regulation, all agents looking to work on life settlements in New York State now need to get licensed, whether they are residents of New York or not. In order to do so:

• You have the choice of licensing as an entity or individual.

• You will need to submit New York releases and disclosures to get your license. These forms are to be left blank and need to be enclosed with your application.

• Submit a copy of your New York life agent license

• You will also need to get electronic fingerprints. For a location near you, contact L-1 Enrollment Services at 877-472-6915 or www.L1ID.com. The ORI number needed is NY921270Z

The originals should be sent to the New York State Insurance Department, One Commerce Plaza, Albany, NY 12257.

Please submit a copy of the licensing info above, minus the fingerprints, to Veris Settlement Partners, 291 Main Street, Northport, NY 11768.

Don’t hesitate to contact Veris at 631-239-6655 with any questions.


 

 

 
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Copyright 2011 Veris Settlement Partners

Veris Settlement Partners, Inc. is a multi-state viatical and life settlement broker. Veris Settlement Partners, Inc., and/or its affiliate firms Chesapeake Financial Settlements, LLC and Select Life Settlements Corporation, and/or one of its four directors as individuals, is licensed as a life settlement broker or viatical settlement broker in the following regulated states: AR, CT, FL, GA, HI, IN, LA, MD, MS, NC, NJ, NY, PA, TX, UT, VA.

Depending on the medical condition of the insured, Veris Settlement Partners, Inc. may or may not be able to broker a life insurance policy owned by a resident of the following states: CA, DE, IL, MA, MN, NM, OR, VT, WA, WI.

Veris Settlement Partners, Inc., and/or one of its four directors as individuals, may broker a life insurance policy owned by a resident of the following states that are not regulated and do not require licensure: AL, AZ, DC, ID, MI, MO, NH, RI, SC, SD, WY.

Some or all of the proceeds from a life settlement may be taxable under federal or state income tax laws.  Advice from a professional tax advisor is recommended. Veris Settlement Partners, inc. is not a viatical or life settlement provider.

This Compliance Notice is current as of August 15, 2008 and is subject to change.