Bev is an employeeof the accounting firm Catz & Douglas, which ob¬tains key-person life in¬surance on Bev in the amount of $1 million from Equity Insurance Company. Bev quits Catz & Douglas to join Financial Analysis, LLC. Bev dies. Under the principle of insurable interest, Equity Insurance must pay the $1 million to

a. Bev's spouse Grant.
b. Catz & Douglas.
c. Financial Analysis.
d. no one.


B

Business

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