Institutional Longevity Markets Association

Meetings to discuss regulatory issues. Ilma meets regularly to discuss existing and proposed regulatory issues in connection with the Longevity and mortality marketplace. Regulatory issues include state and federal legislation, proposed model acts and related materials. These meetings are held to further ilma's stated organizational purpose of educating market participants on regulatory developments affecting the businesses of life settlements. Approximately fifty percent (50%) of ilma's time is spent participating in these meetings. The meetings take place monthly and all ilma members are invited to attend.

The ilma conference is a one-day event with an investment focus and in-depth coverage of the Longevity market. The topics discussed are life settlements, global pension plans, insurance reserves and reverse mortgages as alternative investments. There are an estimated 90 attendees annually. Approximately twenty percent (20%) of ilma's time is spent on the planning of the conference.

Development of form documentation. Ilma has created a "legal and regulatory matters" subcommittee. Among other things, this subcommittee seeks to increase transparency and disclosure in transaction documents. Subcommittee work product will be submitted to ilma's board of directors for final approval. Approximately twenty-five percent (25%) of ilma's time is spent on the development of form documentation. The subcommittee meets monthly and all ilma members are invited to attend.