Legislation regulating the life settlement market was approved by the Georgia House of Representatives yesterday and is on its way to the governor.
SB 61 previously was passed by the House Committee on Insurance Feb. 11 and the full Senate on Feb. 4.
The legislation, sponsored by Sen. Ralph Hudgens, essentially follows the model act drafted by [...]
New York has been one of the major states pushing for life settlement regulation. In recent news, New York insurance regulator Eric Dinallo has proposted legislation. We are waiting to see a full overview of what will be proposed.
Read more details here: New York Life Settlement Regulation
We will continue to follow this developing story.
In the [...]
New York insurance regulator Eric Dinallo said on Monday he has proposed legislation to create oversight for an obscure but growing niche market that allows life insurance policyholders to sell active policies to investor groups.
The sales typically allow the policyholder to reap a payment that is more than the surrender value of the policy but [...]
