CHRISTOPHER CONWAY, RECEIVER Christopher Conway is a 30+ year veteran of the life settlement industry with over 40 years of experience in the life insurance...
March 23, 2024CALLS, VOICEMAILS & EMAIL The Receiver is working to return nearly 700 calls and voicemail messages left by Investors over the past9 months....
March 23, 2024EMAIL INQUIRIESPlease read the Frequently Asked Questions (“FAQs”) and Frequently Used Terms before sending an email or placing a call to the Receiver....
What is a Receivership? A receivership is a legal remedy that can be ordered by a court when a business is having difficulty meeting its...
Beneficial Interest Certificate or “BIC” is a document that describes the individual fractional interest position purchased by an investor in a given series trust. Fractional...
Please download the attached PDF file.
March 23, 2024INSURED STATUSThe most recent death of an insured covered by a Reliant-related policy (i.e., maturity) occurred in May 2022. Since that time, none...
Please download the attached PDF file.
Please download the attached PDF file.
Please download the attached PDF file.
March 23, 2024INVOICING PROCESS-CLARIFICATIONS Like all forms of insurance, life settlements (which are life insurance policies) bear two fundamental characteristics: (1) a benefit payable under...
Please download the attached PDF file.
Please download the attached PDF file.
March 23, 2024WEBSITES, PORTALS, USERNAMES & PASSWORDS The receivership intends to operate as efficiently as possible, which means the use of technology toreduce the time...
On March 8, 2024, the Receiver began issuing invoices for amounts due in arrears to all fractional interest position holders (a.k.a., investors) on a per policy (as in per series trust) basis. All invoices for all series trusts in which one or more fractional interest position holders had an amount due in arrears, including administrative fees, were issued on or before May 14, 2024.
As expressly stated on the invoices, payments were due not later than 30 days from the issue date of the invoice. As of July 4, 2024, those investors who have not yet paid their invoices for amounts due in arrears are at least a month past due.
All investors are hereby notified that all outstanding invoices must be paid in full by no later than 5:00 PM Pacific Daylight Time on July 31st, 2024. NO EXTENSIONS OR EXCEPTIONS WILL BE GRANTED.
Once this deadline passes, all outstanding and unpaid invoices will be canceled by the Receiver, and the benefit amounts associated with each such invoice will be permanently forfeited.
Those investors who wish to preserve their investments and any benefit amount associated with any fractional position for which they have an outstanding invoice MUST remit payment in full for such invoice no later than July 31, 2024 at 5:00 PM Pacific Time. NO ADDITIONAL WARNINGS OR TIME WILL BE GRANTED. IF YOU DO NOT PAY YOUR OUTSTANDING INVOICES, YOUR FRACTIONAL INTEREST POSITIONS AND ALL MONIES PREVIOUSLY TENDERED IN RELATION TO THEM WILL BE PERMANENTLY FORFEITED.