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The court holds that 1. Texas law, which requires an
"insurable interest" for valid life insurance policies, governs the
dispute; 2. an employer has no insurable interest in an ordinary
employee under Texas law; and 3. Wal-Mart failed to establish its
affirmative defense that the estate's claims were barred by
January 19, 2004 at 12:00 AM
1 minute read
Updated on January 19, 2004
The original version of this story was published on Texas Lawyer
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