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A suit filed by insurer John Hancock, set to go to trial in federal court in Miami, may serve as a test case of the enforceability of so-called wet ink viaticals. Buyers say they're legal, but insurers and regulators fear that the growth of these deals, in which insureds sell life insurance policies to investors before the ink dries on the contract, could hurt the life insurance industry and encourage fraud.
June 05, 2001 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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