Ten New York-based companies are among the life settlement providers able to operate in California while state insurance regulators review their license applications.

Two bills, one dealing with viatical settlements and the other with agents’ handling of life insurance and annuities, will be considered by the Pennsylvania House Insurance Committee this month.

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.

Anyone transacting a life settlement in California will be required to notify the California Department of Insurance of the transaction within 10 days, according to new rules covering life settlement transactions.

Joining several other states, Pennsylvania is seeking a tougher stance on stranger originated life insurance, or STOLI.

An administrative law judge in Florida has thrown out a Pennsylvania-based life settlement firm’s request to prevent state regulators from reviewing its records.

New York regulators are moving away from paper fingerprint cards for some in-state producers and shifting to electronic fingerprinting for new licenses, beginning Dec. 15.

A New Jersey man and three of his businesses named as defendants in a lawsuit by the state attorney general’s office over an alleged Ponzi scheme will pay $7 million in restitution and another $220,000 in civil penalties.

A Texas viatical firm has reached a $250,000 settlement in a lawsuit brought against it by a Pennsylvania woman with AIDS who claimed the firm did not live up to …  Read →

A U.S. District Court judge in Tallahassee has ruled that Florida regulators can examine a Pennsylvania company’s viatical settlement agreements with people living outside Florida.

Judge Stephan P. Mickle ruled that …  Read →