Form INS3218 Individual Viatical Settlement Broker License Application - Ohio

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What Is Form INS3218?

This is a legal form that was released by the Ohio Department of Insurance - a government authority operating within Ohio. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is INS3218 Individual Viatical Settlement Broker License Application?A: INS3218 Individual Viatical Settlement Broker License Application is a form used to apply for an individual viatical settlement broker license in Ohio.

Q: Who needs to fill out the INS3218 Individual Viatical Settlement Broker License Application?A: Individuals who want to become viatical settlement brokers in Ohio need to fill out the INS3218 form.

Q: What is a viatical settlement broker?A: A viatical settlement broker is a person or entity that helps facilitate the sale of life insurance policies from terminally ill or chronically ill individuals to investors.

Q: Why do I need a viatical settlement broker license in Ohio?A: In Ohio, it is required by law for individuals to obtain a viatical settlement broker license before engaging in viatical settlement transactions.

Q: What information do I need to provide on the INS3218 form?A: The INS3218 form typically requires personal information, employment history, education, and any other relevant information required for the viatical settlement broker license application.

Q: How long does it take to process the INS3218 Individual Viatical Settlement Broker License Application?A: The processing time for the application can vary. It is best to contact the Ohio Department of Insurance for the most accurate information on processing times.

Q: What happens after I submit the INS3218 form?A: After submitting the INS3218 form, it will be reviewed by the Ohio Department of Insurance. If approved, you will receive your viatical settlement broker license.

Q: Can I start working as a viatical settlement broker immediately after receiving the license?A: Once you receive your viatical settlement broker license, you may start working as a viatical settlement broker in Ohio. However, it is important to comply with all applicable laws and regulations.

Form Details:

Released on February 1, 2021;
The latest edition provided by the Ohio Department of Insurance;
Easy to use and ready to print;
Quick to customize;
Compatible with most PDF-viewing applications;
Fill out the form in our online filing application.

Download a fillable version of Form INS3218 by clicking the link below or browse more documents and templates provided by the Ohio Department of Insurance.