N.J. Assembly Member Schaer Bill to Stop People Gambling on Human Life, End Life Insurance Policy Foul Play Clears Committee
February 14, 2020
February 14, 2020
TRENTON, New Jersey, Feb. 14 -- The New Jersey Assembly Democrats issued the following news:
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- Measure to Codify Ban on Stranger-Originated Life Insurance
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To put an end to stranger-originated life insurance (STOLI) schemes, the Assembly Financial Institutions and Insurance Committee cleared a measure (A-1263) on Thursday that would prohibit the practice and establish civil penalties up to $10,000 plus restitution.
The b . . .
* * *
- Measure to Codify Ban on Stranger-Originated Life Insurance
* * *
To put an end to stranger-originated life insurance (STOLI) schemes, the Assembly Financial Institutions and Insurance Committee cleared a measure (A-1263) on Thursday that would prohibit the practice and establish civil penalties up to $10,000 plus restitution.
The b . . .