University of Richmond UR Scholarship Repository Law Faculty Publications School of Law 2015 Wagering on the Lives of Strangers: The nsI urable Interest Requirement in the Life Insurance Secondary Market Peter N. Swisher University of Richmond,
[email protected] Follow this and additional works at: http://scholarship.richmond.edu/law-faculty-publications Part of the Insurance Law Commons Recommended Citation Peter N. Swisher, Wagering on the Lives of Strangers: The Insurable Interest Requirement in the Life Insurance Secondary Market, 50 Tort Trial Ins. Prac. L.J. 703 (2015). This Article is brought to you for free and open access by the School of Law at UR Scholarship Repository. It has been accepted for inclusion in Law Faculty Publications by an authorized administrator of UR Scholarship Repository. For more information, please contact
[email protected]. WAGERING ON THE LIVES OF STRANGERS: THE INSURABLE INTEREST REQUIREMENT IN THE LIFE INSURANCE SECONDARY MARKET Peter Nash Swisher I. The Insurable Interest Requirement for Life Insurance ...........707 A. Origin and Purpose for the Insurable Interest Doctrine in L ife Insurance .......................................................................708 B. Incorporation of the Insurable Interest Doctrine into American Case Law and Statutory Law .............................709 C. Necessary Parameters of the Insurable Interest Doctrine in Life Insurance Contract Disputes .......................................710 1. Insurable Interest in One's Own Life ...........................710