The 4th roundtable of life settlement company executives, sponsored by National Underwriter Life & Health, was held in Washington, D.C. on May 14.
The previous roundtables were held in October 2006, March 2007, and October 2007. When looked at as a series, the 4 discussions provide an illuminating look at the business and how it has changed in the last year and a half.
Over the last 18 months the life settlement business has been engaged in bruising battles with life insurance trade groups on the regulatory front as both state insurance regulators at the National Association of Insurance Commissioners and state insurance lawmakers at the National Conference of Insurance Legislators crafted separate (and in several ways, highly different) model laws.
The battle over these competing models has now moved to the state legislatures, with a mixed record of success for the life settlement business. In the weekly pages of NU as well as in our daily news articles on our website, we have covered these developments in detail as they have happened.