Calif.: STOLI on the Rocks

Carr, Sean P.
October 2008
Best's Review;Oct2008, Vol. 109 Issue 6, p10
Trade Publication
The article reports on a bill passed by the California legislature that would make the Golden State the latest to take action to rein in stranger-originated life insurance (STOLI) transactions. It is noted that the state would become the 13th state to approve legislation restricting STOLI if it would be approved by Governor Arnold Schwarzenegger. However, Schwarzenegger has threatened to not sign any new bills until the state has a budget agreement in place.


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