DEFINITION
Life Settlement Broker

"Life settlement broker" means a person who, for another person and for a fee, commission or other consideration:

(a)Offers or advertises the availability of life settlement contracts;or

(b)Introduces holders of life insurance policies or certificates insuring the lives of persons with a terminal illness or condition to life settlement providers or offers or attempts to negotiate lifesettlement contracts between such policyholders or certificateholders and one or more life settlement providers.

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