Moussa is an executive with E-Tech Corporation. Because his death would cause a financial loss to E-Tech,
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Moussa is an executive with E-Tech Corporation. Because his death would cause a financial loss to E-Tech, the firm insures his life. Later, Moussa resigns to work for MayCom, Inc., one of E-Tech’s competitors. Six months later, Moussa dies. Regarding payment for the loss, E-Tech
a. can collect because its insurable interest existed when the policy was obtained.
b. cannot collect because its insurable interest did not exist when a loss occurred.
c. cannot collect because it suffered no financial loss from the death of Moussa, who resigned to work for one of its competitors.
d. None of the above.
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Related Book For
Business Law Text And Exercises
ISBN: 9780357717417
10th Edition
Authors: Roger LeRoy Miller, William E. Hollowell
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