New Jersey Enacts Anti-STOLI Legislation
By EsqSocial Corporation 29/10/20
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 stranger-originated life insurance (STOLI) — broadly defined by the bill as “an act, practice, or arrangement to initiate or procure the issuance of a policy in…...
By: Cozen O'Connor