Friday, February 15, 2008
LISA Applauds Kentucky Proposal to Fight Stranger Originated Life Insurance
The Kentucky House of Representatives has taken an important step to protect life insurance consumers with a ban on stranger originated life insurance (STOLI) schemes, according to the Life Insurance Settlement Association. HB 348, unanimously passed last week, protects consumers by succinctly and directly prohibiting initiation of life insurance for wager purposes -- without rolling back a policy owner's property right to gain or utilize the market value of a properly initiated policy as he sees fit.
LISA Applauds Kentucky Proposal to Fight Stranger Originated Life Insurance
Source: Market Wire
LISA Applauds Kentucky Proposal to Fight Stranger Originated Life Insurance
Source: Market Wire
Permalink posted by armandn @ 7:40 AM 
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