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State Regulations

Life Settlements are regulated on a state by state basis. If state regulations apply, any financial representative(s) acting on behalf of the seller must be licensed in the state in which the policy owner resides. If the policy is owned by a trust, the necessary licensing requirements are determined by the state in which the current trustee resides or the trust is domiciled.

The interactive map below provides regulatory information for all states, both unregulated and regulated. Each individual state is a separate link where information regarding state legislation can be found and licensing applications can be downloaded if required. Simply click on any state to obtain the information needed.

Texas Florida New Jersey Mississippi Alaska Virginia North Carolina Massachusetts Maryland Louisiana Wisconsin Washington Minnesota Michigan Michigan Alabama Maine New York New York California Idaho Arizona Hawaii Missouri New Hampshire Rhode Island South Carolina West Virginia Wyoming Iowa New Mexico North Dakota Oregon Vermont Arkansas Colorado Connecticut Delaware Indiana Illinois Pennsylvania Tennessee South Dakota Georiga Kansas Kentucky Montana Nebraska Nevada Ohio Oklahoma Utah

Map Key:
Solid Green - Licensed States
Milestone Licensed States:
Striped Green - Unregulated States
Unregulated States:*
Blue - License Applied For
License Applied For:
Tan - License Not Applied For
License Not Applied For:
Arkansas
Colorado
Connecticut
Delaware
Hawaii
Illinois
Indiana
Iowa
Kansas
Louisiana
Maryland
Massachusetts
Mississippi
Montana
New Jersey
North Carolina
Pennsylvania
Tennessee
Texas
Virginia
Alabama
Arizona
California
Idaho
Michigan
Minnesota
Missouri
New Hampshire
New Mexico
New York
Oregon
Rhode Island
South Carolina
South Dakota
Vermont
Washington
Wisconsin
Wyoming
Georgia
Kentucky
Maine
Nebraska
Nevada
North Dakota
Ohio
Oklahoma
Utah
West Virginia
Alaska
Florida

*Life Settlements are currently not regulated in this state. Depending on state regulations, a license may be needed in order to assist sellers or purchase policies for an insured with a terminal illness or life expectancy of less than 36 months.

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Milestone recognizes the importance of maintaining the privacy of its clients’ personal information. Milestone has electronic, physical and procedural safe guards in place and abides by all H.I.P.A.A. and state statute regulations to ensure that each clients’ health information is properly protected.