Federal District Court in Pennsylvania Rules in Favor of Investors in Life Settlements

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).

To read the full article

Continue reading your article with a HFLR subscription.