[Insurance Incident] Ace Photo, a Company Specializing in Wild Animal

[Insurance Incident] Ace Photo, a company specializing in wild animal photography, took out a life insurance policy through ABC Insurance on its president, Ringo, and an insurance policy on the company-owned jeep that he drove. Some time later, Ringo got a better offer from Flash Company, another company specializing in the photography of wild animals, and went to work for them. He parted on good terms with Ace Photo, and took the jeep under the mistaken idea that it was part of his severance benefits. Neither of the insurance policies was cancelled by Ace Photo. Unfortunately, while photographing a lion for Flash Company, Ringo was attacked and eaten. His jeep was then stolen by a bystander. Ace Photo had been in the process of contacting Ringo in an attempt to obtain possession of the jeep but had not reacquired it at the time of his death. Ace Photo had renewed the policy on the jeep, reaffirming to the insurer that its purpose was for use by Ace Photo employees because Ace Photo planned to have possession of the vehicle shortly. Ace Photo filed a claim to collect on the life insurance policy and also on the vehicle policy. ABC Insurance denied both claims.
-Regarding whether ABC Insurance will be required to provide coverage on the jeep, which of the following is true?

A) ABC will likely not be required to provide coverage on the jeep because Ace Photo made material misrepresentations in the renewal of the policy that would have prevented its renewal.
B) ABC will likely be required to provide coverage on the jeep because any misrepresentations made were innocently made in the belief that the jeep would be returned soon.
C) ABC will not have to provide coverage because Ace Photo did not have an insurable interest in the jeep.
D) ABC will have to provide coverage unless Ringo had already obtained his own insurance on the vehicle because one vehicle may only be insured under one policy.
E) ABC will not likely be required to provide coverage because Ringo's new employer was liable under workers' compensation.