Question

Feta is a partner in the game design firm GR8 Games, Inc., which obtains key-person life insurance on Feta in the amount of $1 million from Halo Insurance Company. Feta quits GR8 Games to join Icy Applications, Inc. Feta dies. Under the principle of insurable interest, Halo must pay the $1 million to
a. Feta's spouse Jo.
b. GR8 Games.
c. Icy Applications.
d. no one.

Answer

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