Two senators from Pennsylvania are raising concerns about the federal tax treatment for life insurance policy sales and purchases.

The friction between investors looking for opportunities and insurance companies whose products inadvertently provide those opportunities is forcing a hard look at stranger-originated annuity transactions (STATs), according to an industry expert.

Two industry groups are praising Wisconsin Gov. Jim Doyle for signing into law tough new rules on stranger-originated life insurance (STOLI) transactions, while another organization indicates the measure will deny consumer rights.

A national life insurance settlement association has come out in opposition to the practice of stranger-originated annuity transactions, or STATs.

A new regulation mandating life settlement providers operating in New York to pay a $10,000 licensing fee are set to take effect next month, with one association lauding regulators for not imposing a higher charge.

A new policy statement from a life insurers’ group, suggesting that the securitization of life settlements needs to be regulated, has sparked a sharp response from a life settlement trade group.

A new law regulating New York’s life settlements market and outlawing stranger-originated life insurance (STOLI) is awaiting the signature of Gov. David A. Patterson.