The Life Settlements Report - October 18, 2007

‘COLI’ Looks Like an Investment for Corporations

While the life insurance industry pushes for tougher regulation to restrict the use of life insurance as an individual investment product, insurers continue to aggressively market so-called corporate owned life insurance, or "COLI," which arguably serves as an investment for companies. Full Story

A national insurance regulators' group apparently has been holding secret discussions on revising its conflict-of-interest code. The talks come as a former committee chairman with the group is facing allegations of ethical lapses in the drafting of proposed rules to regulate the life settlements market. Full Story

Report Finds Few Life Policies Were Financed

A relatively small percentage of life insurance policies that were financed several years ago actually sold in the secondary market, a researcher studying the life settlement industry has found. Full Story

• Research Shows Life Settlements Market Surpassing $6B
• Life Insurance Industry Urges NCOIL to Strengthen Model Act
• Coventry First Discloses Payouts to Consumers
• Mark Ross Agrees to Acquire Life Asset Group
• New Insurance Commissioner Appointed in North Dakota
• Mofet Buys 50% Stake in Legacy Benefits
• Nebraska Insurance Commissioner Dies
• FINRA Approves Industry's First Variable Life Settlement Broker-Dealer
• Life Partners to Advise International Fund