LexisNexis (May 3, 2018, 10:41 AM EDT) -- Article 9 doesn't apply to "a transfer of an interest in or an assignment of a claim under a policy of insurance…." UCC 9-109(d)(8). The filing of a financing statement will not perfect a lender's security interest in the borrower's insurance policies. Instead, the lender will need to turn to the common law of the relevant state, or a relevant non-UCC statute that governs perfection. Comment 7 to pre-Revision UCC 9-104 explains that "[r]ights under life insurance and other policies…are often put up as collateral. Such transactions are often quite special, do not fit easily under a general commercial statute, and are adequately covered by existing law." ...