Insurers Can Contest 'Wager' Life Policies: Del. Court

By Dietrich Knauth (September 26, 2011, 5:42 PM EDT) -- Insurers can contest life insurance policies if they suspect they represent illegal wagers on a stranger's life funded by outside investors, even if the policies include noncontestability provisions, the Delaware Supreme Court ruled in an opinion filed in two federal cases on Friday....

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