In the first case interpreting Pennsylvania’s insurable interest statute in the context of stranger-originated life insurance (STOLI) schemes, a federal judge denied a life insurance company’s bid to have policies declared null and void because they were allegedly part of a STOLI scheme. See “Delaware Supreme Court Clarifies State Law Regarding Life Settlements,” Hedge Fund Law Report, Vol. 4, No. 34 (Sep. 29, 2011).
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