LISA
On May 16th, the Life Insurance Settlement Association (LISA) successfully concluded its major bi-annual Spring Conference in Washington, D.C.
The 14th Annual Spring Conference focused on critical legislative, regulatory and financial issues in a variety of discussion-driven formats. Highlighted topics included new settlement law, funding, securitizations, taxation, and many others. Among the issues addressed, LISA targeted the increasingly contentious subject of stranger originated life insurance (STOLI). ‘LISA has long held that STOLI is a real threat to consumers in the market place and the Spring Conference allowed us to reinforce our position against this activity before members and non members alike’ explained Doug Head, LISA Executive Director. In keeping with its commitment to the welfare and protection of consumers’ rights, LISA presented the ‘Consumer freedom Award’ to Representative George J. Keiser of North Dakorta’s 47th District. Keiser, as Secretary of the National Conference of Insurance Legislators (NCOIL) and member of the NCOIL Life Insurance & Financial Planning Committee, has played an invaluable role in the legislative process to safeguard consumer’ rights in multiple new settlement laws.