SOURCE: Life Insurance Settlement Association

May 19, 2008 15:53 ET

Life Insurance Settlement Association Concludes Its 14th Successful Spring Conference

ORLANDO, FL--(Marketwire - May 19, 2008) - On May 16th, the Life Insurance Settlement Association (LISA) successfully concluded its major bi-annual Spring Conference in Washington, D.C. The conference, one of 12 events to be hosted by LISA in 2008, drew its most diverse and engaged attendance to date. Garnering one of its largest attendances ever, LISA brought together professionals from every industry to take part in this preeminent life settlement event.

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 marketplace 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 Dakota's 47th District. Rep. 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 consumers' rights in multiple new settlement laws.

In addition to participating in expert-led discussion panels, LISA members were invited to the 2008 LISA Board of Directors Election. This year's Board election drew 11 candidates vying for 6 seats. The candidates, representing a variety of industry segments, brought a wealth of background experience in the settlement market. Of the 6 seats, 5 were filled by returning board members and 1 by a new member. LISA welcomes Mark Goode, CEO of LISA member company Peninsula Insurance Capital, LLC, as the newest member of the Board of Directors and looks forward to his contributions. Returning Board members included: Michael Fasano of Fasano Associates, Bryan Freeman of Habersham Funding, LLC, Scott Gibson of Lewis & Ellis - Actuaries & Consultants, John McCarroll of Q Capital Strategies, LLC, and Bill Potoczak of Mills, Potoczak & Company. These election results provided strong reaffirmation of LISA's Mission, Standards and Bylaws which have guided the association to become the widely recognized "voice of the industry."

Evidenced by this year's conference attendance, the life settlement industry will continue to play a prominent role in the policy makers' agendas, global financial markets, and for the consuming public. LISA has set an aggressive events calendar for 2008 and invites interested parties to learn more on their public conference website: http://www.lisassociation.org/public/conference/index.html.

Established in 1994, the Life Insurance Settlement Association is the oldest and largest trade organization in the industry. Its goal is to promote the development, integrity, and reputation of the life settlement industry, and to promote a competitive market for the people it serves. LISA now represents 179 members with a wide variety of interests in the industry. For more about the Association, visit www.lisassociation.org.

Contact Information

  • Contact:

    Doug Head
    LISA Executive Director
    PH: 407-894-3797
    Email Contact