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Capital IconMinnesota Legislature

Legislative Session number- 86

Bill Name: SF0166

4E "Insurable Interest Act"; regulating life insurance; defining certain terms;
requiring insurable interest; specifying prohibited practices; prohibiting
stranger-originated life insurance (STOLI); establishing a presumption of STOLI
practices under certain conditions; providing for processing change of ownership
or beneficiary requests and fraudulent acts; providing remedies; repealing
provisions relating to life insurance for the benefit of charity and insurable
interests
(ra)