State legislatures across the country are considering a pair of competing proposals on how to regulate the Life Settlements market. This webinar compares and contrasts the NCOIL and NAIC model acts and examines their implications.

The latest proposal drafted by NCOIL is generally seen as more favorable to the Life Settlement industry, while the NAIC proposal is seen as a threat to the market. This section compares and contrasts these two model acts, and discusses the legislative battle taking place state by state.

The amendments to the model settlement laws were supposed to address growing concerns about Stranger-Originated Life Insurance (STOLI). This section discusses the differences between the NCOIL and NAIC models as they relate to STOLI and premium financing.

The NCOIL model allows states to impose civil or criminal penalties on a person who commits a fraudulent Life Settlement act, while also requiring brokers to disclose their fees and inform sellers of all offers on their policies. This section explores current litigation surrounding the Life Settlement market and how the model acts affect these issues.