Multiple Choice
Which of the following statements is (are) true concerning stranger-owned life insurance (STOLI) ?
I.Life insurers welcome the sale of life insurance contracts used in STOLI arrangements.
II.At least one of the investors who purchases the policy must have an insurable interest in the insured.
A) I only
B) II only
C) both I and II
D) neither I nor II
Correct Answer:
Verified
Correct Answer:
Verified
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