AALU speakers probe court, IRS rulings buffeting the
May 7, 2014 by Warren S. Hersch
Warning: If you sell a life insurance policy to an individual whom a court later determinates has no insurable interest in the insured, be prepared to return the sales commission — all of it.
This cautionary note, among others, was the focus of a wide-ranging panel discussion at the 2014 annual meeting of Association for Advanced Life Underwriting, held in Washington, D.C., May 4-6. The conference “super session” brought together three attorneys to examine the implications for insurers and advisors of recent court cases and IRS private letter rulings. Click here to read…