Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Life Insurance

NCOIL Advances Model STOLI Act To Legislators

X
Your article was successfully shared with the contacts you provided.

The National Conference of Insurance Legislators has restated its commitment to a Life Settlements Model Act adopted by its Executive Committee in November.

In a letter sent to legislative leaders and insurance committee chairs of the NCOIL, Brian Kennedy, a legislator from Rhode Island who is president of the group, reaffirmed the NCOIL’s belief that the model will address alleged abuses involving stranger-owned life insurance.

“I would encourage you to introduce the NCOIL proposal, as we believe that it is a strong model that protects the property rights of individual policy owners while addressing STOLI abuses,” Kennedy wrote.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.