SB 1224 Life Settlement Regulation
Proposed Life Settlement licensing and regulation in California.
SB 1224 enacts the Life Settlement Consumer Protection Act of 2008 in the State of California which does the following:
1) Prohibits STOLIs in California by providing that beneficiaries that do not have an insurable interest in the life of the insured violate existing insurable interest laws. STOLI is [...]
