IFAwebnews » STOLI

NAIFA offers its blueprint for Federal Insurance Office’s role

Bob Graham — Wed, 28 Dec 2011 11:35:23 +0000

A trade group representing insurance agents and financial service professionals submitted its comments on the Federal Insurance Office's Dodd-Frank study on modernizing and improving insurance regulation.

NAIFA offers its blueprint for Federal Insurance Office’s role via IFAwebnews.

Former Calif. insurance agent sentenced for Ponzi scheme using STOLIs

Bob Graham — Fri, 29 Apr 2011 19:02:05 +0000

A former insurance agent from Clayton, Calif., was sentenced to nearly four years in state prison for his role in a $800,000 Ponzi scheme involving stranger-owned life insurance (STOLI).

Former Calif. insurance agent sentenced for Ponzi scheme using STOLIs via IFAwebnews.

NAIC committee asked to regulate stranger-owned annuities

Bob Graham — Fri, 21 May 2010 16:00:19 +0000

The chairman of a National Association of Insurance Commissioners (NAIC) committee compared stranger-originated annuity transactions (STATs) to cockroaches, while others suggested the need for tighter regulation of the growing practice.

NAIC committee asked to regulate stranger-owned annuities via IFAwebnews.

‘Ghoulish’ STATs compared to STOLI ‘schemes’ as NAIC readies review

Bob Graham — Wed, 19 May 2010 12:00:18 +0000

The friction between investors looking for opportunities and insurance companies whose products inadvertently provide those opportunities is forcing a hard look at stranger-originated annuity transactions (STATs), according to an industry expert.

‘Ghoulish’ STATs compared to STOLI ‘schemes’ as NAIC readies review via IFAwebnews.

Industry reaction mixed to new Wisconsin anti-STOLI law

Keith L. Martin — Tue, 18 May 2010 16:30:03 +0000

Two industry groups are praising Wisconsin Gov. Jim Doyle for signing into law tough new rules on stranger-originated life insurance (STOLI) transactions, while another organization indicates the measure will deny consumer rights.

Industry reaction mixed to new Wisconsin anti-STOLI law via IFAwebnews.

Life settlement group opposes new annuity transactions

Bob Graham — Mon, 10 May 2010 13:05:50 +0000

A national life insurance settlement association has come out in opposition to the practice of stranger-originated annuity transactions, or STATs.

Life settlement group opposes new annuity transactions via IFAwebnews.

NAIFA shuns stranger-originated annuity transactions

Bob Graham — Thu, 29 Apr 2010 12:34:00 +0000

A trade group of insurance and financial service professionals has voiced its opposition to the growing use of stranger-originated annuity transactions (STATs).

NAIFA shuns stranger-originated annuity transactions via IFAwebnews.

Florida insurance agent accused of $2 million STOLI scheme

Keith L. Martin — Fri, 23 Apr 2010 12:27:48 +0000

A Davie, Fla., insurance agent is accused of scamming senior citizens out of millions of dollars by making misrepresentations on life insurance applications to later sell them as stranger-originated life insurance (STOLI) policies.

Florida insurance agent accused of $2 million STOLI scheme via IFAwebnews.

NAIC to explore stranger-owned annuities at hearing in D.C. May 20

Bob Graham — Tue, 30 Mar 2010 13:10:59 +0000

The National Association of Insurance Commissioners plans to hold a public hearing May 20 in Washington, D.C., to explore the emergence of stranger originated or stranger owned annuities.

NAIC to explore stranger-owned annuities at hearing in D.C. May 20 via IFAwebnews.

Anti-STOLI legislation proposed in Pennsylvania

Keith L. Martin — Mon, 29 Mar 2010 13:14:34 +0000

Joining several other states, Pennsylvania is seeking a tougher stance on stranger originated life insurance, or STOLI.

Anti-STOLI legislation proposed in Pennsylvania via IFAwebnews.