Friday, January 26, 2007

 

NCOIL Votes To Stick With Own Life Settlement Model

State lawmakers have decided to address insurable interest concerns by updating their own life settlement model rather than by adopting a model developed by state insurance regulators.

Members of the National Conference of Insurance Legislators, Albany, N.Y., who participated today in a conference call voted 5-0 to build on an NCOIL viatical settlements model rather than using a life settlement model developed by the National Association of Insurance Commissioners, Kansas City, Mo.

NCOIL Votes To Stick With Own Life Settlement Model
Source: National Underwriter (subscription required)

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