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New York Court of Appeals hears arguments on stranger-owned life insurance and New York’s insurable interest rule

On October 12 th , the parties in Kramer v. Phoenix Life Ins. Co . presented oral arguments to the New York Court of Appeals regarding New York's insurable interest law and its effect on stranger-owned life insurance (SOLI or STOLI) arrangements. In Kramer v. Lockwood Pension Servs ., 653...