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On October 25, 2022, the Supreme Court of Georgia answered a certified question from the Eleventh Circuit Court of Appeals concerning Georgia’s insurable interest statute, OCGA §...
In Crum v. Jackson National Life Insurance Company, the question was is a life insurance policy an illegal wagering contract if the insured takes out the policy on his own life with the intent to sell the policy with no insurable interest. Georgia Supreme Court ruled it was.