Claudia James took out a $200,000 life insurance policy on her husband and named herself as beneficiary. Three months later they were divorced, and a month after that her ex-husband died in a car accident. Claudia sought to collect on the policy, but the insurance company refused to pay. The company said she lacked an insurable interest both at the time the policy was taken out and at the time of death. Is the company legally obligated to pay the $200,000?