Recent State Stances On STOLI

Law360, New York (July 9, 2010, 4:24 PM EDT) -- New Hampshire and Wisconsin have joined with other states in enacting or updating life settlement laws in recent months and California’s Insurance Department issued new regulations just weeks before its new life settlement law was to go into effect on July 1, 2010.

Democratic New Hampshire Governor John Lynch signed HB 660 effective June 14, 2010. New Hampshire’s statute is primarily based on the model life settlement law adopted by the National Association of Insurance Commissioners (the “NAIC”), and, among other things, imposes restrictions with respect...
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