Stranger Originated Life Insurance (STOLI)

Florida Insurance Commissioner, Kevin M. McCarty, conducted a public informational hearing on the issue of stranger-originated life insurance or “STOLI”, at the on August 28, 2008. The Office of Insurance Regulation (“Office”) submits this report to the citizens of Florida based on the testimony and voluminous documentation presented before, during, and after the public hearing; a review of documents and reports in the public domain; and relevant court filings made within the State of Florida concerning alleged STOLI transactions.