Justices vacate transfer in insurance policy lawsuit

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The Indiana Supreme Court decided Tuesday that the Court of Appeals decision regarding an insurance policy sold by Settlers Life Insurance Co. should stand, so it vacated transfer of a case it took in August.

The Court of Appeals affirmed in March that Settlers’ insurance policy with the option to assign it to a trust to use the funds for funeral services is not subject to the Pre-Need Act.

The justices said in their order vacating transfer that their decision came after considering points presented during oral argument and discussion among the justices in conference following the argument.

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