The Life Insurance Settlement Association (LISA) convened its annual Compliance Conference in Atlanta, Georgia. The annual gathering is the only conference geared towards the life settlement industry’s compliance professionals and featured the widely popular Legal Roundtable. This year’s event was attended by more than 30 licensed life settlement companies.

“The Compliance Conference always offers attendees a tremendous amount of value as it addresses the most important compliance-related issues of the day,” commented Doug Head, LISA Executive Director. “As the voice of the industry, it is our responsibility to make sure this type of dialogue is occurring within the industry.”

This year, the Conference tackled such issues as due diligence, privacy issues and even featured appearances by Amanda Jolley, Program Supervisor – Enforcement Division – Georgia Department of Insurance, and Amanda Squires (D), Georgia Insurance Commissioner candidate. ”We’re extremely grateful for Ms. Jolley’s and Ms. Squires’ remarks and insights during our meeting,” added Mr. Head.

More info:
Life Settlement Conference

SL Investment Management’s two-year-old Life Plus Life Settlement Fund has earned a 10.26% return since its launch, the Chester, England-based company said in a statement Tuesday.

The fund has experienced $13.3 million in life policy maturities.

SL Investment’s valuation method is unlike other companies that use mark-to-model valuations that can vary greatly, said Investment Director Patrick McAdams. “SL assumes very few maturities will occur shortly after policy acquisition, and use[s] a very transparent actuarially based model to approximate market value,” he said in the statement.

SL Investment is planning to launch a second Life Plus fund. The company, which also works with traded endowment policies, had £930 million ($1.5 billion) under management and advice as of Dec. 31.

Good news, and this will be interesting to see if passes…

The Life Insurance and Financial Planning Committee the National Conference of Insurance Legislators (NCOIL), Troy, N.Y., is drafting model state legislation that would require life insurers to tell policyholders that life settlements are among the alternatives to letting policies lapse, according to Georgia state Sen. Ralph Hudgens, R-Hull, Ga., the committee chair.

Hudgens says he has asked another committee member, Kentucky state Rep. Ronald Crimm, R-Louisville, Ky., to draft the model bill.

The model bill would require life insurers to advise insureds about all of the alternatives that would be available if the insureds ever decided to give up their policies.

Kentucky, Maine and Washington have enacted similar notice laws, Hudgens says.

Hudgens says he expects the model law to be introduced during the NCOIL annual meeting in Austin, Texas, in November.

Source: LifeandHealthInsuranceNews.com

Some recent news has been pretty important to the industry.

GAO Releases Life Settlement Report – One of the most talked about current topics in the industry is the report released from the Government Accountability Office.

Midwest Medical Audit shows their Accuracy – The audit on Midwest Medical life expectancy reports was released, and the numbers are pretty scary…

Lifemark and Key Data Portfolio Deal not looking good – Update and article about Lifemark and CarVal deal falling apart.

On another note, if you are a fund, funder, or provider, now is the time to pick up a great domain asset and establish your online presence.

Life Settlement Funder Domain for Sale – The one of a kinda LifeSettlementFunder.com domain for only $395!