NJ Assembly OKs Ban On 'Stranger' Life Insurance Policies

By Bill Wichert ( February 24, 2020, 5:48 PM EST) -- The New Jersey Assembly on Monday overwhelmingly passed legislation to ban so-called stranger-originated life insurance policies, a measure that would enshrine in state law a ruling issued last year by the state Supreme Court in a dispute between Wells Fargo Bank NA and Sun Life Assurance Co. of Canada....

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