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.
Trusts to give appearance of insurable interest illegal
Ohio Rev. Code Ann. § 3916.173, under Chapter 3916 | Viatical Settlements Model Act.
Ohio Rev. Code Ann. § 3916.173