Anisa,Kim,and Natasha carried on business together in partnership.Arrangements were made whereby each partner held a policy of life insurance on the other partners,and were the beneficiaries named in the policies.Several years later,Anisa murdered Kim.
-Neither Anisa nor Natasha had an insurable interest in Kim's life.

Question

Quizplus · Accepted Answer

In order for the life insurance policies to be valid, the partners must have an insurable interest in each other's lives. Since Anisa and Natasha were named as beneficiaries on Kim's policy, it can be assumed that they had an insurable interest in her life. However, the fact that Anisa murdered Kim could potentially void the policy.

Anisa,Kim,and Natasha Carried on Business Together in Partnership