Idaho Gov. C.L. “Butch” Otter signed legislation April 1 that will impose rules to regulate the life settlement market for the first time in the state. The new law takes effect July 1. HB 75 contains provisions from two competing model laws drafted by the National Conference of Insurance Legislators (NCOIL) and the National Association [...]
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 [...]
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 [...]
