Posted on Oct 9, 2018 in
Insurance |
Comments Off on Court Revives Challenge to Stranger-Originated Life Insurance Policies (STOLIs)
In Sun Life Assurance Co. of Canada v. Imperial Premium Finance, LLC, 2018 WL 4443054 (11th Cir. Sept. 18, 2018), the Eleventh Circuit reversed the dismissal of fraud and breach of contract claims related to the sale of life insurance policies to strangers to the insureds. Sun Life Assurance Company sold life insurance to senior citizens, who, in some cases, obtained premium financing...