Life Settlement Fraud

A new bill is trying to get passed in California regarding Life Settlement Legislation and Regulation.

Here is information about the Life Settlement Bill, and form of legislation can usually help curb and regulate fraud in the industry:

Senate Bill 1543, based on model legislation developed by the National Conference of Insurance Legislators, would have provided a strong regulatory framework for the growing life insurance settlement industry in California starting in January 2009. The bill was recently passed by the California Legislature with the near unanimous consent of each chamber and was supported by nearly every life insurance and life settlement company and their respective trade associations, as well as several consumer groups, including the AARP.