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Mealeys

Mealey's Antitrust/Unfair Competition - Trustee: Life Insurer's Cost Increase Due To Losses From Reinsurance Transactions

CEDAR RAPIDS, Iowa - A trustee for an irrevocable trust alleges in an Oct. 23 complaint filed in Iowa federal court that a life insurer substantially increased its costs on universal life insurance policies and imposed monthly deduction rate increases to recover prior losses from reinsurance transactions (Angela Terry v. Transamerica Life Insurance Co., No. 19-118, N.D. Iowa).
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