Looking Back At The Life Settlements Industry In 2018
Law360 (January 29, 2019, 3:42 PM EST) -- The U.S. life settlements industry, an alternative asset investment industry in which investors purchase and trade in-force life insurance policies, experienced a 2018 that was very similar to 2017. Last year saw only a few legislative changes, but there were further developments in the areas of stranger-originated life insurance cases, progression of cost of insurance litigation, further implementation of key Internal Revenue Code changes and new privacy and data security laws.
Stranger Originated Life Insurance/Insurable Interest Litigation
While the number of newly filed stranger-originated life insurance, or STOLI, cases, challenging the validity of investor-financed life insurance policies on the basis of...
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