IFAwebnews » LISA

Pa. senators question IRS handling of life settlements

IFAwebnews Staff — Thu, 19 May 2011 13:30:02 +0000

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

Pa. senators question IRS handling of life settlements via IFAwebnews.

‘Ghoulish’ STATs compared to STOLI ‘schemes’ as NAIC readies review

Bob Graham — Wed, 19 May 2010 12:00:18 +0000

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.

‘Ghoulish’ STATs compared to STOLI ‘schemes’ as NAIC readies review via IFAwebnews.

Industry reaction mixed to new Wisconsin anti-STOLI law

Keith L. Martin — Tue, 18 May 2010 16:30:03 +0000

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.

Industry reaction mixed to new Wisconsin anti-STOLI law via IFAwebnews.

Life settlement group opposes new annuity transactions

Bob Graham — Mon, 10 May 2010 13:05:50 +0000

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

Life settlement group opposes new annuity transactions via IFAwebnews.

New York regulators impose new life settlement licensing fees

Keith L. Martin — Thu, 29 Apr 2010 12:47:16 +0000

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.

New York regulators impose new life settlement licensing fees via IFAwebnews.

Life insurers, life settlement group spar over securitization

Bob Graham — Tue, 09 Feb 2010 14:00:41 +0000

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.

Life insurers, life settlement group spar over securitization via IFAwebnews.

Law regulating life settlements, banning STOLI advances in New York

Keith L. Martin — Wed, 18 Nov 2009 14:32:18 +0000

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.

Law regulating life settlements, banning STOLI advances in New York via IFAwebnews.