In order for an individual to offer Structured Settlements relate products and services, the applicant should not only meet the minimum qualifications for inclusion on the United States Department of Justice's list of annuity brokers -as outlined in DOJ 28 CFR 50.24 -it further requires that all of the following conditions be met without exception:

• Being currently licensed by at least one State, the District of Columbia, or a Territory of the United States as a life insurance agent, producer, or broker;
  
  

• Being currently licensed or appointed by at least one life insurance company to sell its structured settlement annuity contracts or to act as a structured settlement consultant or broker;
  
  

• Being currently covered by an Errors and Omissions insurance policy, or an equivalent form of insurance;
  
  

• Testify that the applicant has never had a license to be a life insurance agent, producer, or broker revoked, rescinded, or suspended for any reason or for any period of time;
  
  

• Testify that the applicant has never been convicted of a felony; and
  
  

• Further testify that the applicant has had substantial experience in each of the past three years in providing structured settlement brokerage services to or on behalf of defendants or their counsel.
  
  

The application is additionally required to consent to the release and disclosure of the Applicant’s Declaration and inclusion of applications name in the list published by DOJ.

It is quite evident from the above that DOJ does not permit unauthorized individuals to provide services as a Structured Settlements Specialist, Structured Settlements Broker or a Structured Settlements Consultant.

Therefore, it would be in your best interest to retain services of a Structured Settlements broker that is not only currently in good standing, but also meets all of the aforementioned requirements as set forth in Department of Justice regulation as contained in 28 CFR 50.24.