http://www.lifesettlementlicense.com Life Settlement License and Regulation Mon, 07 Dec 2009 18:17:07 +0000 http://backend.userland.com/rss092 en Interesting requirement... Interesting New York Life Settlement Licensing Update It is ins't a huge deal, but most resident states require fingerprinting for background check, and if this is required for non-residents it could be somewhat of a hassle. We will follow updates... http://www.lifesettlementlicense.com/new-york-life-settlement-license-to-require-fingerprints/ Berkshire Settlements, Inc. is pleased to announce it has obtained life settlement provider licenses from Arkansas, Maine, and Mississippi -- three states the company has identified as being largely underserved by the life settlement industry. “We are very happy to bring the opportunities offered by life settlements to these markets,” ... http://www.lifesettlementlicense.com/update-on-life-settlement-provider-licenses/ 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 ... http://www.lifesettlementlicense.com/eagil-life-settlements-granted-ohio-provider-license/ 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 ... http://www.lifesettlementlicense.com/new-york-life-settlement-legislation-proposed/ 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, ... http://www.lifesettlementlicense.com/illionois-bans-stoli/ 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 ... http://www.lifesettlementlicense.com/oregon-governor-signs-life-settlement-legislatio/ 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 Life Settlement Idaho Life Settlement Illinois ... http://www.lifesettlementlicense.com/life-settlement-license-and-regulation-for-each-state/ 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 ... http://www.lifesettlementlicense.com/new-york-passes-life-settlement-bill/ 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 ... http://www.lifesettlementlicense.com/idaho-life-settlement-license/ 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 ... http://www.lifesettlementlicense.com/georgia-life-settlement-regulation/