Life Settlement
Which section governs advertising in New York life settlements?
Answer and explanation
Answer: C. Section 7809 governs life settlement advertising. Section 7810 covers privacy, section 7814 prohibited practices, and section 7815 stranger-originated life insurance.Source: N.Y. Ins. Law § 7802 — 7809, Advertising
More life settlement questions
- Where does New York set out prohibited practices in life settlements, apart from the STOLI provision?
- Which arrangement does New York describe as stranger-originated life insurance?
- Whom does New York's life settlement article call the owner?
- Why does New York's definition of a life settlement contract turn on compensation less than the expected death benefit?
- Why does New York's STOLI provision mention trusts specifically?
- Why does the life settlement article contain a privacy provision?
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