Minnesota considers a ban on 'stranger-originated' policies sold to the elderly

In a State Capitol hearing room crowded with lawyers and lobbyists, the focus at one point turned to -- of all people -- CNN icon Larry King.

The debate: Does a lack of state regulation leave Minnesotans prey to the kind of elaborate life insurance scheme that King says he fell for several years ago?

Some of the state's largest insurance companies are pushing to have so-called stranger-originated life insurance, or STOLI, outlawed in Minnesota...

Minn. Star-Tribune: Minnesota considers a ban on 'stranger-originated' policies sold to the elderly
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