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Law & Regulation

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California court to decide whether lapse law applies to out-of-state policies

May 13, 2025 Life Insurance News No comments.
Image shows text of the California lapse laws.
The California Supreme Court will review whether the state’s life insurance lapse protection laws apply to policies originally issued in other states.

The California Supreme Court is tackling the thorny question of whether the state’s life insurance lapse laws apply to policies that originated in other states.

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June 21, 2024
bankruptcy

Court rules that insurers are parties of interest in bankruptcy proceedings

The U.S. Supreme Court, in a recent decision, ruled that insurers are parties in interest in bankruptcy plans and can object to reorganization plans.

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