Life Settlement News

Oregon Proposes Fingerprinting Rule
This isn’t direct news regarding Oregon Life Settlement Regulation or Laws but is a step in the right direction regarding the the screening of applicants and renewing applicants. We stand behind their decision and feel that other states should adopt similar policies.
Oregon’s Department of Consumer and Business Services has proposed adopting rules [...]

BDM Direct to distribute Life Settlements Fund
Melbourne-based fund distributor BDM Direct has been appointed to distribute US-based Life Settlements Wholesale Fund (LSWF) in Australia.
BDM’s brief from LSWF responsible entity Life Settlements Fund Limited is to drive the retail distribution of the fund in Australia via dealer groups and financial planners.
Launched in Australia in October 2004 [...]

Again, a majority of this recent rise in life settlement regulation and legislation is due to rise in STOLI policies and “wet paper life settlements”.  Here is an excerpt from the article:
At least 20 states are considering legislation dealing with the life settlement industry and STOLI. This session, two bills have been introduced in Minnesota.
HF3534, [...]

Independent financial advisers and multi-managers are turning to alternative asset classes to provide their investors with strong and more consistent returns according to EEA Fund Management.
The continued market volatility is forcing investment professionals to seek alternative ways to diversify their portfolios and EEA’s Life Settlements Fund is reaping the rewards as a result of its [...]

LISA Affirms Property Rights: Files Amicus Brief Defending Insurable Interest
ORLANDO, FL (Marketwire - April 8, 2008) - “The Life Insurance Settlement Association (LISA) reaffirmed its commitment to property rights for life insurance policy-owners in a recent court filing,” said LISA Executive Director Doug Head.
LISA filed an amicus brief in the United States Fourth Circuit [...]