Go to this texts Web site at academic. cengage.com/blaw/clarkson and select Chapter 49. Click on Video Questions
Question:
Go to this text’s Web site at academic. cengage.com/blaw/clarkson and select “Chapter 49.” Click on “Video Questions” and view the video titled Double Indemnity. Then answer the following questions.
(a) Recall from the video that Mrs. Dietrichson (Barbara Stanwyck) is attempting to take out an “accident insurance” policy (similar to life insurance) on her husband without his knowledge. Does Mrs. Dietrichson have an insurable interest in the life of her husband? Why or why not?
(b) Why would Walter (Fred MacMurray), the insurance agent, refuse to sell Mrs. Dietrichson an insurance policy covering her husband’s life without her husband’s knowledge?
(c) Suppose that Mrs. Dietrichson contacts a different insurance agent and does not tell the agent that she wants to obtain insurance on her husband without his knowledge. Instead, she asks the agent to leave an insurance application for her husband to sign. Without her husband’s knowledge, Mrs. Dietrichson then fills out the application for insurance, which includes a two-year incontestability clause, and forges Mr. Dietrichson’s signature. Mr. Dietrichson dies three years after the policy is issued. Will the insurance company be obligated to pay on the policy? Why or why not?
Step by Step Answer:
Business Law Text and Cases
ISBN: 978-0324655223
11th Edition
Authors: Kenneth W. Clarkson, Roger LeRoy Miller, Gaylord A. Jentz, F