March 2011, Volume 5, Issue 4

Exploring the life settlement option for clients

Feature: New York Okays LISA's Consumer Awareness Program

By Warren S Hersch - The Life Insurance Settlement Association has received the go-ahead to pursue a public awareness program for New York consumers who may be considering a sale of their life insurance policies.

LISA, Orlando, Fla., says the New York State Insurance Department approved LISA's consumer awareness program in accordance with New York's 2009 Life Settlement Act.

"We welcome the approval and very much appreciated the support the New York Insurance Department provided in developing our public awareness program," says LISA Executive Director Darwin Bayston. LISA worked with the Insurance Department to provide an efficient and cost-effective alternative for our members to comply with the requirements of the law.

"The program ensures that consumers will receive consistent information…

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Settlement and related news from National Underwriter

Obama Budget Would Impose New Life Settlement Reporting Requirement
Firm Sees Life Settlement Upturn
Mass. Man Charged with Life Settlement Fraud
NAIC Panel Sets Life Settlement Goals

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