SOURCE: Life Insurance Settlement Association

January 29, 2008 10:42 ET

Life Settlement Compliance Conference Advances Industry's Education Agenda

ORLANDO, FL--(Marketwire - January 29, 2008) - The Life Insurance Settlement Association (LISA) has concluded its first life settlement compliance conference, a "sold-out" success. At this pioneer event, in Washington, DC, attendees learned from leading industry experts on the core challenges of compliance with state laws and regulations, while upholding the highest standards of business conduct and ethics in the life settlement industry.

"The marketplace changes almost daily due to the emergence of new laws, regulations, interpretations and process in the states. In the first month of 2008, 15 bills pertaining to this industry have been introduced in various states. LISA is committed to assisting its members to meet the challenges by offering continuing resources to avoid compliance pitfalls," says Doug Head, Executive Director of LISA. The LISA Compliance Conference was designed to review all compliance issues faced by life settlement companies. With a timely, new-year focus on filing requirements, record keeping and annual reviews, the program brought together presenters with innovative approaches and insights to meet these challenges, professionally and with a broad understanding of the issues. Part of the program also included a speech on the impact of self regulatory organizations in the financial industry.

Attendees applauded LISA's initiative and expressed a hope to see similar events to come. "The topics covered the major elements of a comprehensive compliance program, in detail. I commend LISA on its choice and organization of topics and professional presenters and look forward to attending one or two scheduled LISA compliance conferences each year!" says Jennifer Stabile, Compliance Director of Life Asset Group LLC, a Settlement Broker based in Miami, FL. "It is difficult to be able to handle the many compliance and regulatory issues this Industry faces on an ongoing basis. This conference was a great review of my duties as a compliance director, as well as a source for new ideas from each of the topics presented to implement LAG's compliance program. I also was very impressed with the sharing of information while networking with some of the most experienced persons in the industry."

Among a series of industry focused events, LISA plans to convene members and non members on the West Coast for a second compliance conference later this year. For a complete list of LISA's 2008 events, please visit www.lisassociation.org/public/conference.

Founded 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 171 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
    407-894-3797
    Email Contact