The National Conference of Insurance Legislators (NCOIL) decided on a conference call Tuesday that it would meet next month to discuss a proposed law to regulate life settlements. The meeting will be held either the week of Oct. 15 or Oct. 22. The location hasn’t been decided. NCOIL is made up of state legislators who […]
Your Sept. 9 column was about why people shouldn’t buy a life insurance policy with a nonrecourse loan in order to sell it later to a life settlement company. I’m considering doing this. I understand from your column that although insurance companies might not like this arrangement, it is legal. You devoted a paragraph to […]
FINRA is also currently running two other sweeps. One examining the sale of collateralized mortgage obligations targeted at seniors, while the second is focused on the sale of life settlements.
Along with the sweeps, the regulator also issued a Regulatory Notice to remind firms about their obligations when selling to seniors. The notice outlined best practices […]
Life Policy Dynamics to release 2007 U.S. Life Settlement Market AnalysisWASHINGTON DC—(September 14, 2007) – Life Policy Dynamics, LLC, (“LPD”) announced
today, that its 2007 Preliminary U.S. Life Settlement Market Analysis will be released on Monday, September 17, 2007 at The Life Settlements Conference 2007 held in Orlando, FL by DealFlow Media. The market analysis examines […]
Fitch: Life Settlements Not a Rating Issue Now for Insurers, But Could Be in Future
NEW YORK–(BUSINESS WIRE)–Sept. 13, 2007–The life settlement market exposes life
insurers and their reinsurers to a variety of risks in their core individual life segment. The primary risk is that policymakers will ultimately challenge the tax-advantaged status of life insurance if […]
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