State RegulationsAZ specificDifficulty 1/5
Under A.R.S. 20-3202, what license must a person hold to act as a life settlement broker in Arizona?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
A.R.S. 20-3202 requires a life settlement broker to be an Arizona-licensed producer holding a life line of authority. The life line makes sense because brokering settlements requires expertise in life insurance products and subjects the broker to producer discipline.
Why the other options are wrong
- A) The required line of authority is life, not property and casualty.
- C) A title insurance license is an unrelated line of authority.
- D) Provider registration does not substitute for the broker licensure requirement of A.R.S. 20-3202.
Memory hook
Settlement broker = producer + life line.