Guaranty Life Insurance v. Graham

1. In order for one person to have an insurable interest in the life of another, it must appear that he is the heir at law of such other person or dependent on him in some way, or that the relation of debtor and creditor exists between them. “A person who has no insurable interest in the life of another person can not procure and maintain a policy of insurance on the life of such person, naming himself as the beneficiary. . . On demurrer, not only must a petition be construed most strongly against the pleader (Winecoff v. Fidelity &c. Ins. Co., 47 Ga. App. 197, 170 S. E. 215); but the court,…