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   The STOLI Resource Center

Several other states, in addition to Ohio, have enacted STOLI legislation. Set forth below are links to the various state legislation where available. E-mail us at info@bricker.com if you have links to state laws not included here.


Arizona
House Bill 2513
Signed by the Govenor on May 23, 2008; effective 90 days after session adjournment

Arkansas
HB 2113
Signed by Governor on April 3, 2009 as Act 796

California
Senate Bill 98
Signed by the Governor on October 15, 2009; effective immediately; however, not all of its provisions are immediately applicable

Connecticut
Substitute House Bill 5512
Effective October 1, 2008
See also amendments to Substitute House Bill 5512

Hawaii
House Bill 94
Signed by the Governor June 16, 2008; effective June 16, 2008

Idaho
H.75
Effective July 1, 2009
Insurance Department Bulletin on the new law

Illinois
S.B. 2091(P.A. 096-0736)
Signed by the Governor August 25; effective July 1, 2010

Indiana
House Bill 1379
Signed by the Governor March 21, 2008; effective July 1, 2008

Iowa
Senate File 2392
Signed by the Governor May 10, 2008; effective July 1, 2008

Kansas
House Bill 2110
Signed by the Governor April 21, 2008; effective after its publication in the statute book

Kentucky
House Bill 348
Signed by the Governor April 9, 2008; effective July 15, 1008

Maine
LD 2091
Signed by the Governor April 2, 2008; effective July 15, 2008

Minnesota
Senate Bill 166
Signed by the Governor; effective May 10, 2009

Nebraska
Legislative Bill 853
Signed by the Governor April 17, 2008; effective 3 calendar months after adjournment

Nevada
Senate Bill 388

New York
Assembly Bill 7131

North Dakota
Senate bill 1284
Signed by the Governor April 21, 2009; effective August 1, 2009

Ohio
House Bill 404
Signed by the Governor on June 11, 2008; effective September 11, 2008

Oklahoma
Senate Bill 1980
Signed by the Governor on May 15, 2008; effective November 1, 2008

Rhode Island
House Bill 7442
See also Senate Bill 2603
Vetoed by the Governor July 2, 2008; View the Governor's veto message

West Virginia
Senate Bill 704
Signed by Governor March 13, 2008; effective May 29, 2008

 

 

 

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


 

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