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Viatical Settlement Providers

The Iowa Insurance Division regulates the sale of viatical settlements. Viatical settlement providers purchase viatical settlement contracts and provide the viator a sum of money in consideration for a life insurance policy.

A viatical settlement provider must be licensed by the Iowa Insurance Division by completing the Viatical Settlement Provider License Application.  A viatical settlement provider must renew its license every three years by completing the same application.

Viatical settlement providers must submit an annual statement required by the Iowa Insurance Division by March 1 of each year per the instructions in Iowa Code Section 508E.6 and Iowa Administrative Code rule 191-48.7.

A viatical settlement provider must provide the Iowa Insurance Division with up-to-date information about officers, ten-percent-or-more stockholders, partners, directors, members, or designated employees within thirty days of a change.

The Iowa Insurance Division has implemented a new electronic process for filing applications, renewals, and annual reports for Viatical Providers. Effective for 2021 all viatical provider submissions MUST be submitted electronically via OPTins. The Iowa Insurance Division will NOT accept any paper renewal, application, or annual report forms unless prior approval is received. Before you are able to submit your submissions, you must create an OPTins account. Creating an OPTins account takes about 10 business days.

To create your OPTins account you will need to complete the implementation paperwork by selecting the type of payment you would like to submit (ACH Debit or ACH Credit): 

ACH Debit :

ACH Credit :

(only one set of implementation paperwork needs to be completed)

More information about this paperwork and payment types can be found at:

If there is information on the forms that you do not know the answer to you can leave it blank. Once you have completed the forms please email all completed forms to:
You will receive an email with your user ID and password from the OPTins team. The Iowa Insurance Division does not have access to this information or your banking information.

Creating a Filing in OPTins

Once you have created an account, please create a filing for the current filing year, filing type is “Renewals Reports and Applications”, select your filing entity, entity type will be “Viatical Provider”, and the filing period will be “VSP Annual Report” for annual reports and “VSP New or Renewal” for applications and renewals. You then will be prompted to download the corresponding form. Please complete the form and save it to your computer before uploading them. You must label all exhibits before uploading them into OPTins.

If you need to make any changes to your filing please amend your filing and upload the corrected documents. This will ensure that the filing is edited and no duplicate filings are received.

Filing of forms 

If a viatical settlement provider subsequently desires to change the viatical settlement contract documents or disclosure statements approved at the time of licensure, or to use new ones, the provider shall submit the new or modified contract documents or disclosure statements to the commissioner via OPTins by amending the annual report and uploading the updated forms. The viatical settlement provider shall identify its name and address in the cover letter and also reference the form name of the modified viatical settlement contract document or disclosure statement. Black-lining the modifications made within the document(s) should expedite the form review and approval process.

Please contact OPTins at or 816-783-8500 for assistance with submitting your filing.

Click here for a listing of licensed viatical settlement providers in Iowa or view the data set below.