Policy Owners Ask Connecticut Court To Affirm Setoff Rights In Rehabilitation Row

( March 27, 2025, 8:24 AM EDT) -- HARTFORD, Conn. — Asset managers holding matured insurance policies filed a memorandum requesting that a Connecticut state court affirm that policy owners may apply unpaid death benefit claims as setoffs against ongoing premium obligations during a life insurer’s rehabilitation, arguing that such rights are mandated under state and common law; in a response filed two weeks later, the rehabilitator argues that that stance is “meritless.”...

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