PT - JOURNAL ARTICLE AU - Brian T. Casey AU - Thomas D. Sherman TI - Common Securities Law Questions in the Life Settlements and Life Insurance Premium Finance Industries AID - 10.3905/jsf.2008.709960 DP - 2008 Jul 31 TA - The Journal of Structured Finance PG - 64--69 VI - 14 IP - 2 4099 - https://pm-research.com/content/14/2/64.short 4100 - https://pm-research.com/content/14/2/64.full AB - This article examines three securities-related questions frequently encountered in the life settlements, or secondary life insurance, and the life insurance premium finance markets: 1) Life insurance policy put or call agreement: Is it a security? 2) A fund that owns life-settlement-acquired life insurance policies of life insurance premium finance loans: Is it an investment company? 3) Life insurance premium finance loan: Is it a security? The questions are analyzed only under the federal securities laws, but a similar analysis would obtain under most states' securities laws where they apply.TOPICS: Legal and regulatory issues for structured finance, legal/regulatory/public policy