RT Journal Article
SR Electronic
T1 Common Securities Law Questions in the Life Settlements and Life Insurance Premium Finance Industries
JF The Journal of Structured Finance
FD Institutional Investor Journals
SP 64
OP 69
DO 10.3905/jsf.2008.709960
VO 14
IS 2
A1 Brian T. Casey
A1 Thomas D. Sherman
YR 2008
UL https://pm-research.com/content/14/2/64.abstract
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