STOLI and Intent: The Feeling's Mutual, But It's Starting Not to Matter Anyway

Authors

• Franklin G. Monsour Jr., Edwards Angell Palmer & Dodge LLP

Abstract

The article examines the legal debate surrounding Stranger-Originated Life Insurance (STOLI), advocating for the adoption of the mutual intent standard over the unilateral intent standard to determine the legality of such policies. It argues that the mutual intent standard, supported by historical cases and recent legislation, provides a more robust framework to prevent sham transactions and uphold the insurable interest rule.

Disciplines

Insurance Law | Law

Recommended Citation

Franklin G. Monsour Jr., STOLI and Intent: The Feeling's Mutual, But It's Starting Not to Matter Anyway, 19 Cardozo J. Int'l & Comp. L. 679 (2011).
Available at: https://larc.cardozo.yu.edu/cjicl/vol19/iss3/6