Are fractional interests in a pool of terminal patients' life insurance benefits (viatical settlements) securities?

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Managers and the Legal Environment Strategies for the 21st Century

ISBN: 978-1111530631

7th edition

Authors: Constance E. Bagley

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Question Posted: Mar 17, 2016 03:57 AM

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Life Partners, Inc. is the leading promoter of interests in viatical settlements, whereby investors purchase at a discount interests in a pool consisting of life insurance benefits of terminal AIDS...
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Are fractional interests in a pool of terminal patients' life insurance benefits (viatical settlements) securities?

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In Securities and Exchange Commission v Life Partners Inc 87 F3d 536 DC Cir 1996 the US Court of Appeals for the DC Circuit held that viatical settlements are not exempt from the securities laws as in...View the full answer

Managers and the Legal Environment Strategies for the 21st Century

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