Secondary Life Acquires 3 Provider Licenses
Secondary Life Capital Announces Three (3) New Provider Licenses
Secondary Life Capital, LLC (”SLC”) announced today that the State of PENNSYLVANIA has granted SLC its life settlement provider license. In addition to Pennsylvania, SLC has recently been awarded a life settlement provider license in NEVADA and KANSAS. Founded in 2003, the Washington DC based firm is a leading provider of life settlements and life settlement portfolios to institutional investors worldwide.
This is good news for the industry. As we have been reading that companies and life settlement providers have been complaining about states restricting licenses and requiring many different requirements for each state that make obtaining a license tideous and costly.
SLC is known within the industry for its strong support of responsible and balanced life settlement regulation. SLC has been at the forefront in cooperating with LISA, NCOIL and the NAIC to develop and promote suitable legislation ensuring the long-term health and growth of the life settlement market, as well as promoting the rights of insured consumers.
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