Viatical settlement brokers are permitted to do all of the following EXCEPT?

Viatical settlement brokers operate within a regulated framework that ensures they hold the appropriate licenses to carry out specific activities related to viatical settlements. In this context, brokers are allowed to negotiate the sales of life insurance policies, provide information about life insurance benefits, and assist clients in completing transactions. These actions are integral to their role, as they facilitate the understanding and execution of viatical settlements for clients looking to sell their life insurance policies, often due to serious illnesses.

However, engaging in transactions before obtaining a license poses legal and ethical concerns. Licensing ensures that brokers are knowledgeable about the laws governing viatical settlements and are qualified to protect the interests of the clients. By permitting activities such as making the first transaction up to 30 days before licensure, it undermines the regulatory process that is designed to ensure consumer protection and adherence to legal standards. Thus, conducting a transaction prior to receiving the proper licensing is not permitted, maintaining the integrity of the profession and safeguarding clients.