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Cozen O'Connor

New Jersey Enacts Anti-STOLI Legislation

Cozen O'Connor on

Earlier this year, we reported on the New Jersey Assembly’s unanimous (78-0) vote approving Assembly Bill 1263, supplementing New Jersey’s Viatical Settlements Act, N.J.S.A. 17B-30B-1, et seq., and outlawing...more

Carlton Fields

New Jersey Springs Into Action: New Bill to Ban STOLI Policies

Carlton Fields on

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

Cozen O'Connor

New Jersey Assembly Overwhelmingly Approves Anti-STOLI Legislation

Cozen O'Connor on

As many of you may know, Cozen O’Connor was victorious last year in obtaining a ruling by the New Jersey Supreme Court in Sun Life Assurance Company v. Wells Fargo Bank, N.A., 238 N.J. 157 (2019) (Bergman) that...more

Carlton Fields

Third Circuit Application of Certified Questions Confirms STOLI Policies Void in New Jersey

Carlton Fields on

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

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