The Life Settlements Report - August 2, 2007

NCOIL Opposes 5-Year Waiting Period, Disclosure of Commissions

The life settlement industry came out ahead in a debate among state legislators over guidelines for regulating the secondary market, but the life insurance industry won concessions in several key areas. Full Story

Legal and Regulatory Hurdles to Donor Settlements

When Oklahoma State University announced March 1 that it secured a $260 million investment plan by purchasing and pooling 28 life insurance policies worth $10 million each on its wealthy benefactors, OSU and its investment strategy came under intense scrutiny. Investment strategists, insurance regulators, and life settlement investors were looking at the university’s “Gift of a Lifetime” program and trying to figure out whether it was legal and ethical and how to get in on the action. Full Story

Memo Says NAIC Model Doesn’t Capture All STOLIs

Is a leaked memo between insurance industry representatives the smoking gun that proves the industry is trying to shut down the life settlement market? Full Story

• Great West Appeals Ban from Florida
• Columnist Flooded by Mail about Selling Life Insurance Policies
• Investment Bank Promotes Life Settlements as Hedge for Oil and Gas Investors
• Insurance Market Veterans Form New Finance Company