Dinallo’s planned hearings bewilder life settlement trade group
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āIām not sure what they are trying to do,ā said Doug Head, executive director of the Life Insurance Settlement Association, which represents about 185 companies nationally involved in tlements. Head and other representatives of the tlement and life insurance industry have been meeting with legislators in New York over the last nine months to craft a consensus tlement bill. The bill, Senate Bill 8593/Assembly Bill 11679, could still be passed in special session this year, as it has the support of Assembly and Senate leadership of the respective insurance committees.
