California Law Regulates Life Settlements as a Security

Because life settlements are unique in that they involve both investors and insureds, no clear regulatory entity originally governed the transaction. It was vague as to whether life settlements were a security transaction or an insurance product. Even today, no federal law pertains to life settlements; so each state is responsible for its own laws and regulations concerning these transactions.California is on the forefront for regulations and legislation protecting investors within the state in these transactions. It became one of the first states to enact defined laws with regard to life settlements. As a California corporation offering this investment to California residents, Pacific West Capital Group strictly abides by the following legislation: Senate Bill 1837.

For additional information, please visit the following Web site: California Senate Bill 1837