Insurer’s Claims In Suit Over STOLI Policies Survive Dismissal Bid

Mealey's (September 10, 2021, 1:24 PM EDT) -- CHARLESTON, S.C. — A federal judge in South Carolina on Sept. 7 declined to dismiss claims brought by an insurer in a declaratory judgment action seeking, inter alia, to void stranger oriented life insurance (STOLI) policies obtained by two individuals as part of a long-running scheme to enrich themselves, ruling that the insurer has sufficiently pleaded facts to state its claims for declaratory judgment under the Declaratory Judgment Act....