Close Close

Life Health > Life Insurance

NCOIL Advances Model STOLI Act To Legislators

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.


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.