Gerard and Holly had been married for five years. Four years ago, Gerard purchased life insurance on Holly who was unemployed at the time. They divorced one year ago. When Holly passed away last month, she was living with her new spouse, and Gerard was remarried civilly. What will the insurer decide regarding Gerard's claim to collect on the insurance policy he had purchased on Hollys ife? Select one: a. The insurer will pay, because he had an insurable interest on Holly at the time of application. b. The insurer will refuse to pay, because Holly had another spouse when she died. c. The insurer will pay, because he had an insurable interest on Holly at the time of her death. d. The insurer will refuse to pay, because he was remarried at the time of Hollys death