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Home / Opinion Digests / Insurance – Viatical Settlements Act – Constitutional Challenge – Dormant Commerce Clause (access required)

Insurance – Viatical Settlements Act – Constitutional Challenge – Dormant Commerce Clause (access required)

A Texas company involved in a terminally ill Virginia woman's sale of her $115,000 life insurance policy for $29,900 loses its constitutional challenge to Virginia's Viatical Settlements Act, whose regulatory scheme would have set a minimal sale price of $69,900 for the woman's policy. We decide in this case of first impression whether the Virginia Viatical ...