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The Problem of Mutual Benefit Insurance

By Barry Zalma, Attorney and Consultant When a person leases a portion of a structure with multiple tenants it is usual for the landlord to promise to buy property insurance to protect the entire structure and make, as part of the rent charged, the tenant pay a ratable portion of the insurance. When...

Wager On Life Is Void -- Insurance Requires Insurable Interest

By Barry Zalma, Attorney and Consultant It is the essence of insurance that for insurance to exist the person insured must have an insurable interest in the property or life insured. Life insurance insurable interest can be defined as an interest based upon a reasonable expectation of pecuniary...

The Supreme Court's Decision in Hillman v. Maretta: The Perils of Beneficiary Designation

By Professor by Leo P. Martinez Hillman v. Maretta , decided by the U.S. Supreme Court on June 3, 2013 [ enhanced version available to lexis.com subscribers ], illustrates the intricacies of the constitutional preemption doctrine and the difficulty of accounting for human behavior. The case, decided...

Settlement Reached in Death Master Case with New York Life Insurance Company

California Insurance Commissioner Dave Jones announced today that the California Department of Insurance has, with other state insurance regulators, reached a settlement agreement with New York Life Insurance Company over the insurer's use of the Social Security Administration's Death Master...