Georgia High Court:  Third-Party Viatical Policy Not Void As Illegal Wagering Contract

Mealey's (October 25, 2022, 3:38 PM EDT) -- ATLANTA — A life insurance policy procured without third-party involvement by an insured who intends to sell it to a third party “is not void as an illegal wagering contract,” the Georgia Supreme Court ruled Oct. 25, answering a certified question from the 11th Circuit U.S. Court of Appeals....