EAGiL Life Settlements, LLC Is Granted A Life Settlement Provider License In Ohio Guy E. Runyon, President and CEO of Eagil Life Settlements, LLC, announced today that Eagil has been approved as a Life Settlement Provider in the state of Ohio. “We are excited to add the great state of Ohio as another regulated state [...]
Here is some of the proposed legislation for a New York Life Settlement. The disclosure of significant life settlement contract provisions. The disclosure of affiliations or contractual arrangements among parties involved in a transaction. A complete and accurate description of all offers and counter-offers relating to the sale of the life insurance policy. A reconciliation [...]
This is good news for regulation and licensing.. Illinois Governor Pat Quinn has signed a new law prohibiting stranger-originated life insurance transactions. The law, Senate Bill 2091, also aims at protecting state consumers who enter into viatical settlements. STOLI transactions involve a third party encouraging a senior to acquire a life insurance policy, then paying [...]
