Bricker & Eckler LLP: Stranger-Originate Life Insurance - STOLI


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The STOLI Resource Center

The following articles and publications have been prepared by the attorneys of the Bricker & Eckler Insurance Group.

New Twist on STOLI Litigation: Insured Sues When Policy Does Not Sell on Secondary Market
August, 2008
Bulletin on an Ohio federal district court decision on a Stranger-Originated Life Insurance policy.

Ohio's Anti-STOLI Legislation
June, 2008
Overview of key provisions of Amended Substitute House Bill 404 which revises Ohio's viatical settlement laws and enacts significant new provisions to curb STOLI transactions.

Highlights

October 2009 Update Coventry settles suit with State of New York and agrees to abide by set of business practices that may be model for life settlement companies. The Court Opinion was the impetus for Coventry's settlement and holds that claims against Coventry are permitted to proceed without arbitration and a claim for inducement of breach of fiduciary duty is also permitted to proceed
Read the related court opinion

Read a Bricker & Eckler bulletin with analysis of key provisions of Ohio's Am. Sub. H.B. 404
Ohio's Anti-STOLI Legislation