Armstrong Investigation at Law Glossary

What is it? A study authorized by the New York state legislature in 1905 which reviewed the operations and practices of Life insurers operating in the state. Numerous changes in policy forms and investment practices came from the study and were eventually reflected i

Legal Definition Added By: Angelina

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Legal Term Incidents of Ownership is Economic benefits from the ownership of a life insurance policy. If a deceased holds at death one or more incidents of ownership on a policy of insurance on his or her own life, the proceeds are part of his or her gross estate for estate tax purposes.

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