Wells Fargo Bank, N.a., Appellants v. Pruco Life Insurance Company, Appellee

Summary

The Florida Supreme Court held that a life‑insurance policy that satisfied the insurable‑interest requirement at inception is barred from challenge after the two‑year contestability period of §627.455, even when procured through a STOLI scheme, and remanded the case to the Eleventh Circuit. Justice CANADY, concurring, agreed with the result but warned that the majority’s view that an insurable interest at inception is a precondition for §627.455 is not settled.