tag:blogger.com,1999:blog-7193176656481290272.post5563597034046618481..comments2021-06-07T19:40:27.261-05:00Comments on Ohio Insurance Forum: Consumer Alert: Stranger-Originated Life Insurance (STOLI)Ernesto the Insurance geekhttp://www.blogger.com/profile/17214751414603892421noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7193176656481290272.post-77815614847184502852008-01-22T22:20:00.000-05:002008-01-22T22:20:00.000-05:00You're correct on both counts, the insurers can't ...You're correct on both counts, the insurers can't regulate and a policy holder can do what ever they choose. I believe it would be within an insurers right to disallow these agreements as part of their underwriting guildlines. <BR/><BR/>The State DOIs can regulate if there is statute to back them up. Based on what they're trying to accomplish this is not going to be easy to codify.<BR/><BR/>I think their intention is to:<BR/><BR/>1 Protect consumers from potential harm either in the form of fees or more sinister activity. <BR/>2. Keep the more traditional use of life insurance. This will prevent insurers from raising rates. <BR/><BR/>Thanks for the comment.Ernesto the Insurance geekhttps://www.blogger.com/profile/17214751414603892421noreply@blogger.comtag:blogger.com,1999:blog-7193176656481290272.post-4595117368520257412008-01-22T20:06:00.000-05:002008-01-22T20:06:00.000-05:00I've read briefly about these. I don't think insur...I've read briefly about these. I don't think insurance companies approve of these, nor do the department of insurance. But after a policy has been issued, a policy owner can do pretty much what he or she wants, right? I think that is the area the insurance companies cannot regulate.Anonymousnoreply@blogger.com