Legal

Licensing & Regulatory Compliance

Licensing

The life settlement market is regulated on a state level by the state’s insurance department. The resident state of the life insurance policy owner has jurisdiction over the sale of a life insurance policy. Thus, as with an insurance carrier, each state may have varying licensing and regulatory requirements for a life settlement. Currently, 34 states/jurisdictions require a company to be licensed or registered to purchase a life insurance policy in the secondary market. Ultimately, Q Capital expects that all states will require companies, such as Q Capital, to be licensed or registered to conduct a life settlement transaction. Q Capital is fully licensed or registered as a life settlement provider in 30 states and is able to purchase policies in 47 states and the District of Columbia. See our Eligible States page for information on the states where Q Capital is currently purchasing policies.

Through the focused efforts of our General Counsel, Q Capital has been at the forefront in cooperating with LISA, NCOIL and the NAIC to develop and promote suitable legislation ensuring the long-term health and growth of the life settlement market.

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Regulatory Compliance

Issues being debated by legislators are resulting in many regulatory achievements that are beneficial to the consumer. The regulation is bringing greater transparency, clearer guidelines, and more accountability to the industry. Q Capital stays up-to-date on pending legislation, but most importantly helps shape it.

Our General Counsel is an elected board member and Vice President of the Life Insurance Settlement Association (LISA). Through his representation, Q Capital works hard to promote regulation that is fair, competitive, and transparent. Q Capital takes regulations seriously by going a step further and imposing guidelines on itself above and beyond what is required by the law.