Life insurance policy, ABC insurance company, incorporated

Life insurance policy

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Reference no: EM133854771

Question

ABC insurance company, incorporated in Delaware with its principal place of business in New York, is holding the proceeds for a $50,000 life insurance policy and recently received claims from three individuals claiming to be beneficiaries of the policy. The claimants are Alex domiciled in Alabama, Cindy domiciled in Connecticut, and Dennis domiciled in Delaware. Each claimant insists that they are owed the full value of the life insurance policy. ABC insurance company wants to file a cause of action against the three claimants to determine to whom the life insurance policy proceeds are owed. Which of the following statements is TRUE? Group of answer choices ABC insurance company cannot proceed against all three claimants in federal court because complete diversity does not exist. ABC insurance company cannot proceed against all three claimants in federal court because complete diversity does not exist and the amount in controversy does not exceed $75,000. ABC insurance company can proceed against all three claimants in federal court via rule interpleader. ABC insurance company can proceed against all three claimants in federal court via statutory interpleader.

Reference no: EM133854771

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