A life settlement broker, on behalf of the owner of a life insurance policy, offers or attempts to negotiate life settlement contracts between the owner and life settlement providers.  The broker represents only the owner, and owes a fiduciary duty to the owner to act in accordance with the instructions and in the best interests of the owner.

To act as a life settlement broker, you must hold an Arizona life insurance producer license and you must notify the Department of Insurance (using Form L-LSB) within the first 30 days of operating as a broker.