State prosecutors and the Department of Insurance are looking intoallegations that a Broward County viatical company is knowinglybrokering the life insurance policies of people who hid their terminalillness in order to obtain coverage.
Mutual Benefits Corp. is one of at least five insurance companies underinvestigation by the Department of Insurance. The investigationsconcern an industry practice known as “clean sheeting,” in which apolicyholder lies about his or her terminal illness in order to obtaina policy that can be resold to investors.
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