by John Darer CLU ChFC CSSC
The U.S. Department of Justice released its 2008 Calendar-Year List Of Annuity Brokers who "meet the minimum qualifications for providing annuity brokerage services in connection with structured settlements entered into by the United States".
Click here for the list of annuity brokers.
Click here for the requirements to be on the list of annuity brokers per 28 C.F.R. 50.24
A DealFlow Media report on May 23, 2008 contained a material inaccuracy about the list that is yet another example of Deal Flow Media's shoddy, incomplete and poorly researched articles. DealFlow Media erroneously reports that "To qualify for the list, which is renewed annually, brokers must meet minimum qualifications, which include being licensed as a life insurer, broker, or agent in at least one state; having a current license or appointment with a life insurance company that sells structured settlement annuities; and having errors and omissions insurance". Being licensed as a life insurer is NOT one of the criteria. DealFlow Media makes no mention of the Declaration each person on the list signs under penalty of perjury.
Previous Structured Settlements 4Real posts on the subject of United States Department of Justice list of annuity brokers who "meet the minimum qualifications for providing annuity brokerage services in connection with structured settlements entered into by the United States"
- USDOJ Leaves No Doubt In Interpretation of Minimum Requirements of Annuity Brokers September 13, 2007
- USDOJ Releases August Update to List of Annuity Brokers August 2, 2007
- Hindenberg's DOJ question refreshes another one I raised OVER A YEAR AGO June 28, 2007
- A Question of Honor January 16, 2007
- USDOJ Structured Settlement Brokers June 22, 2006