Examples of Pruco in a sentence
Pruco is a mere stakeholder in this action, having and claiming no interest in the Remaining Death Benefit.
Several jurisdictions agree that mutual rescission depends on the intent of the parties as evidenced by their acts and the attending circumstances, and that the act of negotiating a refund check after notice of cancellation at least raises an inference of mutual rescission.See, e.g., Pruco Life Ins.
Due to the allegations of actual or potential competing claims made by or available to the Defendants, Pruco is unable to determine who is the proper beneficiary of the Remaining Death Benefit.
Pruco claims no title to or interest in the Death Benefit or the Remaining Death Benefit under the policy on account of the death of the Insured and is ready and willing to pay the Remaining Death Benefit to the person or persons entitled to it, but Pruco is unable to make that determination without exposing itself to double or multiple liability on account of the competing claims made by or available to Defendants.
There is no fraud or collusion between Pruco and any of the Defendants.
The false attestation concealed from Pruco that Respondent had failed to timely update his Form U4 to reflect the Civil Judgment.Respondent knew of the Civil Judgment when he falsely attested to Pruco that his Form U4 was accurate.I concluded that the appropriate sanction for Respondent’s failure to update his Form U4 and his provision of a false attestation to Pruco is a fine of $5,000 and a suspension of six months in all capacities.
Attestations are an important tool by which firms supervise registered representatives, and Respondent had no reason to believe that he was authorized to submit a false attestation to Pruco.
On or about July 15, 2020, Pruco issued an individual life insurance policy, owned by and covering Gregory Hirsch (the “Insured”), bearing policy number L7000224 (the “Policy”).
By letter dated August 17, 2023, counsel for the Chapter 7 Trustee contacted Pruco alleging, in part, the following:A dispute has arisen regarding a life insurance policy (the “Policy”) issued on or about July 15, 2020, by your company, Pruco Life Insurance Company (hereinafter, “you” or the “Company”) This letter constitutes notice to youof the Trustee’s legal position regarding the current beneficiary designation, which does not accurately reflect the intentions or directives of the Policyholder.
Respondent Violated FINRA Rule 2010 by Making False Statements to Pruco 1.