Author: Bill Corry

Bill Corry is Chair of the European Life Settlement Association (ELSA)

In the 43 states of the US that have a regulatory infrastructure for the life settlement secondary market, a life settlement provider is involved in every transaction.  The reason is because one of the two model acts – the NAIC’s Viatical Settlements Model Act and the NCOIL’s Life Settlements Model Act – used by states that regulate the space require their presence. Whether the life insurance policy is sourced via the direct-to-consumer channel, or the intermediated channel, the provider is an ever-present market participant.  The role played by providers in our industry benefits both the asset manager and the consumer…

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