PREMIUM OF AMERICA v. SANCHEZ

No. 43, September Term, 2011.

73 A.3d 343 (2013)

213 Md. App. 91

PREMIUM OF AMERICA, LLC v. William SANCHEZ, et al.

Court of Special Appeals of Maryland.

August 29, 2013.


Attorney(s) appearing for the Case

David G. Sommer ( Paul S. Caiola , Gallagher, Evelius & Jones LLP, on the brief) Baltimore, MD, for appellant.

Michelle R. Mitchell ( D. Lee Rutland , Robert J. Farley , Wharton, Levin Ehrmantraut & Klein PA, on the brief) Annapolis, MD, for appellee.

Panel: KEHOE, BERGER, and RAYMOND G. THIEME, JR. (Retired, Specially Assigned) JJ.


Opinion by KEHOE, J.

In this case, we address a familiar issue — the scope of a party's liability for financial harm caused by negligent misrepresentations — in an unusual context: the marketing of viatical settlements. As we will explain in greater detail, a viatical settlement is a transaction in which an investor purchases the beneficial rights in an existing life insurance policy on a terminally ill person in return for the policy proceeds upon the...

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