A Minnesota man, who lost his license to sell insurance in that state in December 2009, has now lost his license to practice in North Dakota as a result.

The National Association of Insurance Commissioners intends to hold a hearing to explore the sale of annuities in the secondary insurance market.

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.

California Gov. Arnold Schwarzenegger recently signed into a law a bill to regulate the state’s life settlement market that includes a ban on stranger-owned life insurance policies.

A federal court judge has dismissed a $45 million suit filed over stranger-owned life insurance policies, where a man alleged that his father’s life policies involved a scheme.

A California federal judge has ruled that non-recourse premium financing of life settlement policies held by trusts and other third parties is allowed under state law.

The ruling by Judge Stephen …  Read →

Three states have passed laws targeting the controversial transactions called stranger-originated life insurance (STOLI).

Minnesota, Nevada and Vermont have passed what two industry trade groups opposing STOLI called “carefully-crafted statutes that …  Read →

The Minnesota Department of Commerce has suspended the insurance license of a life insurance agent it alleges used fraudulent means to purchase 44 life insurance policies for one man totaling …  Read →

The New York State Insurance Department has proposed legislation to regulate life settlements, including life settlement providers and brokers, and the contracts forms used in transactions.

Eric Dinallo

“Life settlements can …  Read →