ELSA’s Code of Practice (the “Code”) was introduced to establish common standards of best practice within the life settlement industry and protect the interests of investors in the asset class. ELSA members certify their compliance with the Code when they apply for membership and annually thereafter. Failure to comply with the Code may ultimately result in the member being asked to resign from the association. ELSA members that are not product designers, managers or distributors are expected to encourage the Code’s use in the products with which they are associated.