We previously reported in detail on New Jersey’s recent case law addressing the validity of stranger-originated life insurance (STOLI) policies in the June 2019 and December 2019 issues of Expect Focus – Life, Annuity, and...more
We previously reported on the New Jersey Supreme Court’s ruling on the validity of stranger-originated life insurance (STOLI) policies in the June 2019 issue of Expect Focus — Life, Annuity, and Retirement Solutions....more
2/7/2020
/ Beneficiaries ,
Consumer Insurance Products ,
Contested Proceedings ,
Insurable Interests ,
Insurance Litigation ,
Life Insurance ,
Policy Violations ,
Public Policy ,
State and Local Government ,
Statutory Requirements ,
STOLI ,
Sun Life Assurance Company of Canada ,
Trusts ,
Void Contracts ,
Wells Fargo
McClendon v. North Carolina Mutual Life Insurance Co. (M.D. Tenn. 2019) -
In McClendon, the plaintiff’s mother purchased a whole life insurance policy to insure the plaintiff’s brother, and subsequently took out a loan on...more
10/14/2019
/ Breach of Contract ,
Class Action ,
Consumer Insurance Products ,
Contract Terms ,
Covenant of Good Faith and Fair Dealing ,
Implied Covenants ,
Insurance Litigation ,
Interest Rates ,
Life Insurance ,
Loans ,
Low-Income Issues ,
Negligence ,
Unfair or Deceptive Trade Practices
A recent decision by a federal district court in Maryland further illustrates the elusive nature of early dismissal of claims in far-reaching suits challenging the cost of insurance rate increases – even when some success is...more