TITLE

Special Interest

AUTHOR(S)
Henderson, Jr., Donald B.; Tam, Allison J.
PUB. DATE
April 2011
SOURCE
Best's Review;Apr2011, Vol. 111 Issue 12, p58
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the New York court's ruling in a case regarding stranger-owned life insurance (STOLI). The New York court, in Alice Kramer v. Phoenix Life Insurance Co. et al, ruled that the state's insurable interest law is not violated in STOLI if the insured is the applicant in the insurance policy. It informs that a new law regarding life insurance policies has been passed in the U.S. that requires an insurable interest in the life of the insured while the policy is purchased.
ACCESSION #
60618452

 

Related Articles

  • Substituting a Life Insurance Policy in an Irrevocable Trust. Harris, Richard L. // Trusts & Estates;Apr2012, Vol. 151 Issue 4, p54 

    The article discusses U.S. estate planning (EP) and the implications of substituting a life insurance policy in an irrevocable trust under U.S. Internal Revenue Service (IRS) Revenue Ruling 2011-28. The EP topics of grantor retained annuity trusts (GRATs), irrevocable life insurance trusts...

  • Emotional stress not CGL definition of 'bodily injury'.  // Business Insurance;7/23/2001, Vol. 35 Issue 30, p12 

    Presents cases related to the insurance policy in the United States. Rejection of pure mental or emotional harm due sexual harassment as qualification for bodily injury; Issuance of nonrenewable blanket student accident policy to Georgia State University; Denial of the workers compensation...

  • ILLICIT. LOVENDUSKY, MICHAEL // Brief;Spring2011, Vol. 40 Issue 3, p46 

    The article focuses on the legitimization of life insurance settlements in the U.S. The life insurance settlements involves systematic acquisition and transfer of life insurance policies to investors without insurable interest in the insureds' lives. However, concerted activity of settlement...

  • Planning a policy for two. Riggs, Marli D. // Employee Benefit News;Nov2011, Vol. 25 Issue 14, p20 

    The article discusses the survivorship policies of life insurances in the U.S. It states that the survivorship life insurance or second to die insurance is a policy that guarantees the lives of two people, and the death benefit is not rewarded to the beneficiary until the second insured person...

  • Life Insurance Bill Withdrawn. Norris, Heather // Baltimore Jewish Times;3/27/2015, Vol. 343 Issue 4, p14 

    The article reports on the withdrawal of legislation in Maryland that would have prohibited life insurance providers from limiting coverage or increasing rates based on future lawful travel plans of individuals.

  • Life Insurance and Human Nature. Boersma, Bill // Trusts & Estates;Jun2015, Vol. 154 Issue 6, pL1 

    The author shares his experience of working in the U.S. life insurance industry and looks at the dark side of an industry while highlighting the merits of the industry. Topics discussed include history of life insurance in the country, ways to influence clients with substantial and immediate...

  • Legislation proposed to regulate life settlement business.  // Hudson Valley Business Journal;3/30/2009, Vol. 19 Issue 13, p23 

    The article reports on the proposed legislation pushed by the New York State Insurance Department, which aims to regulate life settlements and financial transactions occurring when individuals sell their life insurance policies. It states that the bill calls for a comprehensive framework for...

  • Abstracts of Significant Cases Bearing on the Regulation of Insurance. Speck, Carolyn Johnson // Journal of Insurance Regulation;Fall2005, Vol. 24 Issue 1, p113 

    Presents abstracts of several cases bearing on the regulation of insurance in the U.S.

  • Suits seek Y2K remediation costs. Kochaniec, Joanne Wojcik // Business Insurance;01/10/2000, Vol. 34 Issue 2, p42 

    Presents information on lawsuits against insurers seeking coverage for year 2000 date conversion remediation costs under the `sue-and-labor' clause of property insurance policies in the United States. Overview of the cases; Involved policyholders.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics