State RegulationsAZ specificDifficulty 1/5
To act as a life settlement broker in Arizona, a person must:
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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; attorneys and CPAs advising within their professions are excepted under A.R.S. 20-3202(L).
Why the other options are wrong
- A) The statute requires the life line of authority specifically, not just any license line.
- C) The attorney exception applies only to attorneys advising within their professional capacity, not to settlement brokering generally.
- D) An adjuster license does not authorize life settlement brokering; the producer license with a life line does.
Memory hook
Settlement broker = life-licensed producer (attorneys and CPAs aside).