N.C. Judge Denies Insurer’s Motion To Find Life Insurance Policy Void As STOLI

( May 5, 2023, 2:01 PM EDT) -- GREENVILLE, N.C.  — A North Carolina judge on May 4 denied an insurer’s summary judgment motion in its suit seeking a determination that a life insurance policy it issued was void as a stranger-originated life insurance (STOLI) policy but granted the purchaser’s summary judgment motion, finding that the policy is not void absent a pre-issuance agreement to assign it to another party....

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