Life Settlement License

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 Life Settlement
Indiana Life Settlement
Iowa Life Settlement
Kansas Life Settlement
Kentucky Life Settlement
Louisiana Life Settlement
Maine Life Settlement
Massachusetts Life Settlement
Michigan Life Settlement
Minnesota Life Settlement
Mississippi Life Settlement
Missouri Life Settlement
Montana Life Settlement
Nebraska Life Settlement
Nevada Life Settlement
New Hampshire Life Settlement
New Jersey Life Settlement
New Mexico Life Settlement
North Carolina Life Settlement
North Dakota Life Settlement
Ohio Life Settlement
Oklahoma Life Settlement
Oregon Life Settlement
Pennsylvania Life Settlement
Rhode Island Life Settlement
South Carolina Life Settlement
South Dakota Life Settlement
Tennessee Life Settlement
Utah Life Settlement
Vermont Life Settlement
Virginia Life Settlement
Washington Life Settlement
West Virginia Life Settlement
Wisconsin Life Settlement
Wyoming Life Settlement

Life Settlements
Alabama Life Settlements
Alaska Life Settlements
Colorado Life Settlements
Connecticut Life Settlements
Delaware Life Settlements
Georgia Life Settlements
Hawaii Life Settlements
Idaho Life Settlements
Indiana Life Settlements
Iowa Life Settlements
Kansas Life Settlements
Kentucky Life Settlements
Maine Life Settlements
Maryland Life Settlements
Massachusetts Life Settlements
Minnesota Life Settlements
Mississippi Life Settlements
Missouri Life Settlements
Montana Life Settlements
Nebraska Life Settlements
New Hampshire Life Settlements
New Mexico Life Settlements
North Carolina Life Settlements
North Dakota Life Settlements
Rhode Island Life Settlements
South Carolina Life Settlements
South Dakota Life Settlements
Tennessee Life Settlements
Vermont Life Settlements
West Virginia Life Settlements
Wisconsin Life Settlements
Wyoming Life Settlements

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, drafted by the New York State Insurance Department, had hardly been out in March when it encountered resistance from Doug Head, executive director of the Life Insurance Settlement Association (LISA).

He has previously objected provisions in the bill that would allow insureds to choose which state can regulate settlements. That would conflict with other states’ laws which call for settlements to be regulated by the state where the insured lives.

Russel Dorsett, co-managing director of life settlement broker Veris Settlement Partners, said he’s troubled by a provision in the New York bill that would require names and addresses of all intermediaries who participate in a transaction to be disclosed. That would allow “upstream parties” such as banks and providers to know “downstream” players such as producers. He said that could hurt brokers because “the banks would love to bypass everybody.”

“Mandating the names and addresses of anybody who touched that transaction, that’s silly,” Dorsett said.

If New York is to enact a bill this year, time is short because there are 13 legislative days left to do so, according to several members of the life settlement market.

Source: 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 the National Association of Insurance Commissioners (NAIC), but leans more heavily toward NCOIL’s model, said Shad Priest, deputy director of the Idaho Insurance Department.

Before the bill passed, the state only had an insurable-interest law, he said.

Priest said the bill outlaws stranger-originated life insurance (STOLI). Read the rest of this entry »