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.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]