Oregon Gov. Ted Kulongoski signed life settlement legislation Tuesday that requires insureds to hold on to financed policies for five years after issuance before they can sell them on the secondary market. SB 973 was proposed by the American Council of Life Insurers (ACLI) and caught the life settlement industry by surprise. Settlement industry representatives [...]
Found a list of recently launched web specific Life Settlement Websites from Dream Team Financial. Each site will cover licensing and regulation requirements (if any) for doing business in each state. Life Settlement Alabama Life Settlement Alaska Life Settlement Arkansas Life Settlement Colorado Life Settlement Connecticut Life Settlement Delaware Life Settlement Georgia Life Settlement Hawaii [...]
The New York state Assembly’s Insurance Committee passed a life settlements bill today, which would regulate the market for the first time in the state. A 7131, sponsored by committee Chairman Joe Morelle, will now proceed to the Assembly Codes Committee, where amendments proposed by the settlement industry are expected to be addressed. The bill, [...]
