Stranger Annuities

NAIC LIFE INSURANCE AND ANNUITIES (A) COMMITTEE INTERIM ...
Naic life insurance and annuities (a) committee interim meeting and public hearing on premium financing, life settlements and the relationship with state insurable interest laws statement of stranger-owned life insurance is an ... Fetch Doc

NAIC Update Spring 2010 - Deloitte | Audit, Consulting ...
Expected to focus on “stranger owned” annuities. In contrast to the hot agenda items tackled at the meeting, other formerly tumultuous issues lost steam. Among these were the proposal for a National Insurance Supervisory ... Read Document

STATE OF CALIFORNIA
ALL INSURERS SELLING LIFE INSURANCE OR ANNUITIES IN CALIFORNIA . SUBJECT: STRANGER-ORIGINATED ANNUITY TRANSACTIONS . Insurance companies are encouraged to put safeguards in place to prevent or limit their exposure to stranger-originated annuity transactions (STOAs). ... Get Content Here

Combating STAT Abuse - Economic, Financial And Strategy ...
Variable annuities are insurance contracts generally marketed as long-term retirement products which, when sold, Stranger-owned life insurance policies have been in the news for several years, but only recently have stranger- ... Read Content

To: Thomas R. Sullivan, Chair, Life Insurance And Annuities ...
Issues arising from Stranger Originated Life Annuities, which I will refer to through out the rest of my testimony as “STOLA”s. Our purpose in presenting these comments to you today is to provide regulators with additional information to understand how ... Get Content Here

State Of Connecticut
Stranger Originated/Owned Annuities Subject of NAIC Public Hearing . HARTFORD, CT - The National Association of Insurance Commissioners (NAIC) held a public hearing last week on the emergence of Stranger Originated/Owned Annuities. ... Retrieve Content

To: From: American Academy Of Actuaries’ Life Products ...
Meeting on issues arising from Stranger Originated Life Annuities, which I will refer to through out the rest of my comments as “STOLAs.” Our purpose in presenting these comments to you today is to provide legislators with additional information on how ... Retrieve Here

Compliance Guide
Stranger-Originated Annuities (STOA) STOA means an act, practice, or arrangement to initiate an annuity for the benefit of a third-party investor who has no insurable interest in the annuitant. In some cases an annuitant is paid a fee or provided with some ... Read Document

About Experts Sitemap - Group 14 - Page 55 2012-08-30
Well, I don t think you can take that one line out of what the stranger outside her door says. If you listen to what he says, Take what you can from your dreams, make them as real as anything it d take the work out of the courage. annuities, registered investment advisor, cpa offices ... Read Article

ANNUITY SUITABILITY AND DISCLOSURE - Organisation For ...
O STOLA – Stranger Originated Life Annuities Stranger-Owned Annuity Transactions . Like Stranger Owned Life Insurance (STOLI) transactions, stranger originated annuity transactions manufacture policies for the benefit of investors. Stranger-Owned ... Access Content

Stranger-Initiated Annuity Transactions Insuring Lives Of ...
Subject: Stranger-Initiated Annuity Transactions Insuring Lives of Terminally Ill Give Rise to Litigation Major References: Western Reserve Life Assurance Co. of Ohio v. using variable annuities issued on the lives of terminally ill individuals as investment ... Fetch Full Source

The Latest Developments In STOLI And Other Schemes
Stranger-originated annuities (STOA)—also known alternatively as stranger-originated life annuities (STOLA) or stranger originated annuity transactions (STAT)—are increasingly common. STOA works the same as STOLI but permits investors to circumvent anti-STOLI laws in states that ... Get Document

Causation In English Law - Wikipedia, The Free Encyclopedia
Two months later, he fatally stabbed a stranger at a London Underground station. alleged was confined to advice about the protection afforded by the Policyholders Protection Act 1975 to "with-profits" annuities, ... Read Article

Wikipedia:Reference Desk Archive/Science/August 2005 ...
Why take the word of a stranger and risk getting the wrong answer. Annuities are offered to individuals during their life-spans. When you die, the annuity ends. The pay-out of the annuity is usually based on your expected remaining life-span. ... Read Article

IRI’ 2012 OVERNMENT EGAL EGULATORY ONFERENCE ITIGATION ...
E. Stranger Originated Annuities Developments Met Life Investors USA Ins. Co. v. Zeidman, No. 09-2596, 734 F. Supp. 2d 304 (E.D.N.Y.), aff’d., 442 Fed.Appx. 589, 2011 WL 4347182 (2d Cir. Sept. 19, 2011) ... Fetch Full Source

Spring 2011 Insurance BusI Ness & Regulatory NeWs
Xplore the issue of stranger originated/ owned annuities, how these transactions may interact with insurable interest laws and the impact of this activity on consumers with respect to any appropriate regulatory action in the form ... Document Viewer

STOLI Alert March 2007 - NAIFA - National Association Of ...
Are concerned about the practice called stranger-originated life insurance (STOLI). Also known as speculator-initiated NAIC Life Insurance and Annuities (A) Committee proposal that contains numerous exceptions to a five-year moratorium ... Doc Retrieval

About Experts Sitemap - Group 49 - Page 43 2012-08-30
Except for IRA s or annuities. There could be estate taxes for amounts over the exclusion. Are you aware of the estate tax rules? If not I can direct you to some sites to (has it been?)even stranger. However the grounds are usually Trusts & Estates Law: Not trusting our Trustee ... Read Article

Stranger-Owned Life Insurance: Killing The Goose That Lays ...
Stranger-Owned Life Insurance: Killing the Goose That Lays Golden Eggs! By Stephan R. Leimberg The Something-for-Nothing, ‘No Risk’ Pitch premium immediate annuities on the lives of wealthy — and typically older (ages 72 to 90) — donors pro- ... Fetch Content

District Court Rules On Stranger-Initiated Annuity Transactions
District Court Rules on Stranger-Initiated Annuity Transactions On June 2, 2010, the U.S. District Court in Rhode Island ruled on motions to dismiss in a series of cases insurers’ rescission claims against the investor-owners of the annuities, but allowed fraud and certain ... Get Document

STAT STRANGER-ORIGINATED ANNUITY TRANSACTIONS: Migration Of ...
Deferred variable annuities > with guaranteed minimum benefits or riders > on the lives of terminally-ill annuitants > for the gain of stranger investors. Stranger-Originated Annuity Transactions | July 13, 2010 Reasonable Steps to Take > ... Return Document

Secondary Market Transactions The Titles Of Our Articles ...
April 2010..Stranger-Originated Life Annuities; An Interesting Phone Call about Spinlife ..10 _____ March 2010..Two Related Lawsuits Illustrating Potential Consequences of Spinlife Arrangements ..10 ... Get Content Here

STRANGER-ORIGINATED ANNUITY TRANSACTIONS NAIC SAMPLE BULLETIN
Like stranger-originated life insurance transactions (STOLI), in stranger-originated annuity transactions (STOAs), some STOA, stranger originated annuity transaction, annuities, bulletin, NAIC, department of insurance Created Date: ... Read Here