What Is the Consequence of Purchasing Insurance in a Situation

What is the consequence of purchasing insurance in a situation where one does not have an insurable interest?

A) This will be considered a violation of state blue laws, making the contract unenforceable.
B) Due to the freedom to contract, the contract will be enforceable in the absence of fraud or other wrongdoing.
C) The insurance contract will be considered an illegal gambling contract.
D) The policy holder will have a reasonable period of time to obtain an insurable interest.
E) There is no consequence, and the policy will be enforced.