TY - JOUR T1 - Another Active Year in the Life Settlement Industry JF - The Journal of Structured Finance SP - 52 LP - 54 DO - 10.3905/jsf.2008.709956 VL - 14 IS - 2 AU - Boris Ziser Y1 - 2008/07/31 UR - https://pm-research.com/content/14/2/52.abstract N2 - In the past 12 months, there has been significant growth and regulatory and judicial activity in the life settlement industry. In addition to the 28 states that regulated life settlements a year ago, several additional states have either adopted life settlement laws or have proposed legislation that is pending. One common goal shared both by states that adopted new legislation and by those that revised existing legislation was the elimination of stranger-originated life insurance (STOLI). There are two categories of proposed and pending legislation: 1) legislation based on the Viatical Settlements Model Act, and 2) legislation based on the model legislation introduced by the National Conference of Insurance Legislators (NCOIL). On the structured finance front, the continued absence of a widely available and accepted insurance product covering the longevity risk inherent in life settlements, and the dislocation in the asset-backed market as a whole, have combined to further delay the eagerly awaited arrival of a pure, rated, life settlement securitization.TOPICS: Legal and regulatory issues for structured finance, legal/regulatory/public policy ER -