3916.173 Trusts to give appearance of insurable interest illegal.
3916.173 Trusts to give appearance of insurable interest illegal.
Trusts or other persons that are created to give the appearance of insurable interest and are used to initiate one or more policies for investors violate insurable interest laws and the prohibition against wagering on life.
Effective Date: 2008 HB404 09-11-2008