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8th Circ. Insurable Interest Ruling Limits Insurer Defenses

By Jeff Sistrunk ( March 24, 2015, 6:51 PM EDT) -- The Eighth Circuit's recent ruling that the insurable interest requirement for a life insurance policy is met under Minnesota law when a person buys insurance on his own life curtails carriers' ability to challenge the validity of those policies, even those that are allegedly unlawful stranger-owned life insurance agreements, according to experts....

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