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Life Insurance Finance Association to Host First Conference; Conference to Bring Members of Insurance Industry Together and Celebrate Organization's First Year in Existence.

SAN DIEGO -- Formed last year to address emerging matters affecting the life insurance premium finance market, the Life Insurance Finance Association (LIFA) has had great success in working cooperatively with insurance carriers, regulators, other associations, and consumers, and has issued an industry-approved code of conduct.

To give insight on the current state of the premium finance market and upcoming issues, and bring together interested members of the life insurance industry, including carriers, state regulators, producers, and premium finance companies, to discuss the evolving industry, the Life Insurance Finance Association is hosting its first ever conference - "Life Insurance Premium Financing: What the Future Holds" - on Nov. 29, 2006 at the Marriott Marquis Hotel in New York City. Speakers will include representatives from insurance carriers, state regulators and legal experts.

"Financing life insurance premiums is a strategy that has been in place for nearly a century, and in the last year, the number of challenges in the premium finance industry have risen," said Scott Cipinko, Managing Director, Life Insurance Finance Association. "LIFA has been at the forefront of discussions with regulators and carriers to ensure that the premium finance industry remains healthy and viable. The need for representation, consumer protection and accurate information is apparent and the time has come for members of the industry to work together openly. Our hope is that this conference will be a forum for all members of the industry to voice concerns and opinions, and to determine a plan for working together."

LIFA will be celebrating its first anniversary at the November conference. The industry's growth has been accelerated by rapidly changing life insurance products and capital markets and their fusion, which have led to life insurance premium finance transactions becoming increasingly common.

"As with any growing industries, the legal and business landscapes are continually evolving," added Cipinko. "This is especially true when dealing with a regulated product like life insurance. At the conference, we will discuss the many and varied legal and business issues that potential participants, including insurance carriers and state regulators, in the life insurance premium finance marketplace face, and spend time talking to actual participants in life insurance premium finance transactions as they share their valuable information and experience with attendees."

The conference runs from 8 a.m. to noon and continental breakfast will be served. The fee for early registrants is $150 per person and the fee for those who register at the door is $200 per person. Seating is limited and early registration is recommended. For more information about registering for the event or becoming a member of the Life Insurance Finance Association, e-mail admin@lifaorg.org.

The Life Insurance Finance Association (LIFA) is a non-profit, professional trade association whose members are comprised of individuals and companies involved in the life insurance premium finance industry. LIFA was founded to provide an open dialogue between and among life insurers, premium finance lenders, life insurance agents, brokers and insurance regulators, to provide consumer advocacy, and to foster a better understanding among participants in the life insurance and premium finance marketplace, state and federal policy makers and the general public. For additional information, contact Scott J. Cipinko, Managing Director, LIFA, 404/870-4669 or scipinko@lifaorg.org.
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Publication:Business Wire
Date:Sep 20, 2006
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