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With Respect to Property Insurance,the Insurable Interest Requirement

Question 54

Multiple Choice

With respect to property insurance,the insurable interest requirement:


A) need only be satisfied at the time the policy is issued.
B) must be satisfied both at the time the policy is issued and at the time of the loss.
C) will be satisfied only if the insured owns the property in fee simple absolute.
D) will be satisfied by an insured who possesses a lienhold interest in the property.

Correct Answer:

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