Georgia Supreme Court to Weigh-in on Key Insurable Interest Question for Life Insurance
February 15, 2022 by Brian Casey and Thomas Sherman
Appeal from the United States District Court for the Northern District of Georgia, D.C. Docket No. 1:17-cv-03857-WMR.
On February 4, 2022, the United States Court of Appeals for the Eleventh Circuit certified two questions to the Georgia Supreme Court, which should be of interest to life insurance companies, life insurance agents and the secondary life insurance industry, asking whether a life insurance policy is void ab initio when an insured procures a life insurance policy on his own life with the intention to sell that policy to a then unidentified person with no insurable interest in the life of the insured.