What fee applies to obtain life settlement broker authority in Arizona when the applicant is a newly licensed producer or has at least two years remaining on the license?

Why D is correct

Under A.R.S. 20-3202, the settlement broker authority fee is five hundred dollars for a newly licensed producer or one with at least two years remaining on the license; the reduced two-hundred-fifty-dollar fee applies only when less than two years remain. The fee is separate from the standard producer license fee and is keyed to how much licensed time the applicant has ahead.

Why the other options are wrong

• A) Wrong because one hundred twenty dollars is the standard producer license fee per class, not the settlement broker authority fee under A.R.S. 20-3202.
• B) Wrong because two hundred dollars is the rebate-incentive ceiling under A.R.S. 20-449 and has nothing to do with settlement broker authority fees.
• C) Wrong because the two-hundred-fifty-dollar fee under A.R.S. 20-3202 applies only when fewer than two years remain on the license, not to a new license.

Memory hook

New or long-dated license? Settlement authority runs five hundred.