N.J. Assembly Members Schaer, Johnson Bill to Stop Wagers on Human Life, Fraudulent Brokerage of Life Insurance Clears Assembly
February 25, 2020
February 25, 2020
TRENTON, New Jersey, Feb. 25 -- The New Jersey Assembly Democrats issued the following news:
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- Legislation to Codify Ban on Stranger-Originated Life Insurance Policies and Establish Penalties
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To put an end to stranger-originated life insurance (STOLI) schemes, the full Assembly cleared a measure 78-0-1 on Monday that would prohibit the practice as well as establish civil penalties of up to $10,000 plus restitution.
The . . .
* * *
- Legislation to Codify Ban on Stranger-Originated Life Insurance Policies and Establish Penalties
* * *
To put an end to stranger-originated life insurance (STOLI) schemes, the full Assembly cleared a measure 78-0-1 on Monday that would prohibit the practice as well as establish civil penalties of up to $10,000 plus restitution.
The . . .