The Life Insurance Settlement Association (LISA) convened its annual Compliance Conference in Atlanta, Georgia. The annual gathering is the only conference geared towards the life settlement industry’s compliance professionals and featured the widely popular Legal Roundtable. This year’s event was attended by more than 30 licensed life settlement companies.
“The Compliance Conference always offers attendees a [...]
SL Investment Management’s two-year-old Life Plus Life Settlement Fund has earned a 10.26% return since its launch, the Chester, England-based company said in a statement Tuesday.
The fund has experienced $13.3 million in life policy maturities.
SL Investment’s valuation method is unlike other companies that use mark-to-model valuations that can vary greatly, said Investment Director Patrick McAdams. [...]
Good news, and this will be interesting to see if passes…
The Life Insurance and Financial Planning Committee the National Conference of Insurance Legislators (NCOIL), Troy, N.Y., is drafting model state legislation that would require life insurers to tell policyholders that life settlements are among the alternatives to letting policies lapse, according to Georgia state Sen. [...]
Some recent news has been pretty important to the industry.
GAO Releases Life Settlement Report – One of the most talked about current topics in the industry is the report released from the Government Accountability Office.
Midwest Medical Audit shows their Accuracy – The audit on Midwest Medical life expectancy reports was released, and the numbers are [...]
This is positive news…
Bowing to pressure from the life settlement industry, the New York State Insurance Department has cut the licensing fee it will charge providers from $20,000 to $10,000.
Settlement industry representatives had objected to the $20,000 fee, which was proposed by Insurance Department Superintendent James Wrynn in a draft of emergency regulations to put [...]
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