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Newsom Recall Effort Called Racist for CCP Virus References
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Preston Stanley gains Chitimacha Louisiana Open entry via unique Monday qualifier rule
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برتيلو يعيد باريس العجوز إلى شبابها
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In the lawsuit, Mosten Investment LP had argued that Manufacturers Life Insurance Co. s universal life insurance policy allowed for unlimited deposits and a guaranteed return.
The case caught the attention of prominent short-seller Muddy Waters, which argued in 2018 that a ruling in Mosten s favour could lead to billions of dollars of losses.
But Manulife says it was successful in arguing that policyholders cannot make unlimited deposits into universal life insurance contracts and that deposits must relate to amounts required to pay the life insurance premium.
Ronald Miller, one the lawyers who represented Mosten, says the firm is reviewing the decision, and is disappointed the court would permit governmental interference into a contract that was issued decades before the new regulations were passed.
Insurers applaud high-profile court ruling on life insurance investments - Medicine Hat NewsMedicine Hat News
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