STOLI

AcronymDefinition
STOLIStranger Originated Life Insurance
References in periodicals archive ?
This new project by Stoli Group in the heart of bourbon country will serve to accelerate this trend.
Stoli Gluten Free is available for a suggested retail price of $19.
Along with falsifying the straw insured's financial information, the defendants lied in response to the insurers' questions aimed at detecting STOLI policies, including the purpose of the policy, how the premiums would be paid, and whether the applicant had discussed selling the policy.
He shares it with Don, but when Pete, the colleague no one finds particularly congenial, shows up, Roger tells Don to pour Pete a drink -- but not the Stoli.
Taking advantage of this difference in underwriting, the phenomenon known as stranger-originated life insurance, or STOLI, came into being.
It's much more stringent, and you're much less likely to be buying a STOLI policy.
STOLI was created by the life insurance carriers, if you go back and look at a transaction called LILACS, it is a transaction that is pure STOLI.
But here's the rub: STOLI transactions often lack legitimate insurable interest.
Under House Bill 660, stranger-originated life insurance, or STOLI, is now illegal in New Hampshire.
The company said that the Ionic Bulb commercial is showing in a continuous rotation alongside Stoli Vodka, NBC Universal, Warner Brothers, JC Penney, Sports Illustrated, Got Milk and several others.
Second, the industry became totally saturated with 2-year-old STOLI (stranger-originated life insurance) policies.
Arnold Schwarzenegger (SB 98) to regulate life settlement transactions and ban STOLI deals in that state.