California Life Settlements

California has posted its applications and instructions to its site and is now accepting submissions/filings. The Department has done a good job in separating the different ways of obtaining the required life settlement authority, distinguishing between the individual and entity licensing tracks. In addition, California rules contain provisions that require individually licensed advisors/brokers to be endorsed/affiliated with an entity. Please contact your Welcome Funds representative for more details. For more specific information on the evolving life settlement market in California, please access the links below:

• Applications & Instructions
• Form Filing Requirements
• Life Settlement Template Forms

Life Markets Compliance, LLC

Welcome Funds retains Life Markets Compliance, LLC (LMC) as its third party provider of legal, regulatory and compliance services. The firm was originally formed to assist existing and potential life settlement brokers navigate the complex industry with their licensing, regulatory and contractual needs. The firm has a number of fee-based services available, including helping applicants become licensed in various states like California. Life Markets Compliance can serve as the primary provider of compliance services or as a secondary complement and extension to established compliance, legal and/or licensing departments. For more information, please call 561-826-0371 or e-mail Jeff Deutsch at jdeutsch@lifemarketscompliance.com.

Welcome Funds, Inc ("WFI") and Life Markets Compliance, LLC ("LMC") are providing the above Compliance Alert as a reference only and are not issuing a representation as to its accuracy. The information should not be considered official State material. WFI and LMC both encourage all parties accessing the above information to independently confirm the extent and nature of their own requirements with each applicable Department of Insurance (or equivalent division) and/or State law. WFI and LMC are both not liable for any action or inaction taken due to reliance upon the information above.