Montana State Life Insurance Practice Exam

The annual report for a viatical settlement broker must be submitted by March 1st every year. This deadline is established to ensure that regulatory bodies receive timely and accurate information regarding the activities and operations of viatical settlement brokers, allowing for adequate monitoring and compliance with state regulations. Meeting this deadline is crucial for staying in good standing within the industry and adhering to the reporting requirements set forth by authorities overseeing viatical settlements. Understanding these deadlines is essential for brokers to maintain compliance and avoid potential penalties.