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Quiz question: States regulating settlements

By Trevor Thomas

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The question was: With the recent passage of the Life Settlement Act by the state of New York, how many states now have some regulation of life settlements?

a) 49
b) 39
c) 29
d) 19

The answer is: b). Today, 39 states establish rules governing such matters as disclosure requirements and privacy protections for consumers entering life settlements. Read more about it here.