Regulatory

Life settlement activities are regulated at the state level and state departments of insurance oversee the licensing and compliance of life settlement activity. Over the past several years, many states have adopted new life settlement legislation that is helping to bring greater transparency to the life settlement market place. The regulation will help the continued growth of the industry and will ensure life settlements remain attractive to all market place participants

 

Senior Settlements recognizes the importance of complying with individual state laws and maintains a dedicated staff of compliance experts and regulatory counsel to maintain in compliance with new legislation and laws.

 

In addition, Senior Settlements offers the following services to consumers even in states where no such formal requirement exists:

 

    15 day unconditional rescission period for all sellers

 

v  Complete disclosure of gross offer and compensation paid to brokers to the seller

 

v        All acquisition funds are escrowed with an Escrow Agent for protection of the seller

 

 

Licensing
 

Senior Settlements can purchase policies in the following states, subject to any state viatical restrictions.

 

Alabama, Arizona, Connecticut, Delaware, District of Columbia, Hawaii, Maryland, Massachusetts, Michigan, Missouri, New Mexico, North Carolina, South Carolina, South Dakota, Tennessee, Virginia, Wisconsin and Wyoming.


 

 


"Senior Settlements recognizes the importance of complying with individual state laws and maintains a dedicated staff of compliance experts and regulatory counsel to maintain in compliance with new legislation and laws"