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Spitzer Asks About Life Settlements

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New York officials may be looking at the process of helping life insurance policyholders sell their in-force policies to investors.

The office of New York Attorney General Eliot Spitzer has sent a subpoena to National Financial Partners Corp., New York, asking it about life settlement transactions, the firm says in a note in a Form 10-K annual report filed with the U.S. Securities and Exchange Commission.