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TX Supreme Court to Answer: Are Life Settlements Securities?

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AUSTIN – The issue of whether life settlements should be regulated as securities will be considered by the Supreme Court of Texas Thursday in a pair of high-profile cases being watched by regulators nationwide.

The court will hear arguments in two cases involving Life Partners Inc., a Waco company that pioneered the secondary market for life insurance in 1991. The company buys life insurance policies from the elderly or terminally ill and markets the policies to investors.

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