Rudolph overhears Macy's plans to go skydiving over spring break.Not really knowing Macy,but figuring it's worth a chance,Rudolph rushes out and buys an insurance policy for $100,000 on Macy's life.Macy does in fact meet her demise jumping out of the airplane.Rudolph can collect the $100,000.

Question

Quizplus · Accepted Answer

It is illegal to purchase an insurance policy on someone's life without their consent and insurable interest. Rudolph did not have insurable interest in Macy's life and therefore cannot collect on the policy.

Rudolph Overhears Macy's Plans to Go Skydiving Over Spring Break