Instead, the court provided a list of factors for insurers to consider: who paid premiums, who located the potential insured, who participated in forming the policy, who prepared and controlled documents, whether the policy was created for the insured’s benefit or investors’ benefit, who controlled any trust involved, the insured’s financial sophistication, and the extent of the insured’s participation in the application process.
Georgia Supreme Court creates new framework for detecting STOLI schemes
By Awais
