The Delaware General Assembly is considering a bill that would allow the owner of a rescinded life insurance policy to receive a refund of the premiums it paid in the event that the life insurance company rescinds the policy on the grounds that the policy holder lacked an insurable interest. Patrick Dolan and Robert Alleman, both of Dechert, provide an update on the developments of this bill as well as the affect it would have on the secondary market for life insurance policies in a recent Dechert OnPoint (click here to read the full article).
By: Krystyna Blakeslee