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Life Settlement
Educational Information
Welcome Funds has compiled every term, phrase & definition related to life settlements. Have more questions? Call us toll-free at 1-877-227-4484 or complete our Quick Online Qualifier to determine your eligibility.

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DEFINITION OF DEPARTMENT OF INSURANCE

Each state has a separate Department of Insurance ("DOI"), established to oversee and regulate all types of insurance sold within the state's borders. Insurance agents and companies desiring to sell products within any given state must be registered with the appropriate Department of Insurance. Agents must also maintain their licensing and registration within the given states in which they sell products in order to receive commissions.

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