In which case is there no insurable interest?

Question

Quizplus · Accepted Answer

A school principal does not have an insurable interest in the lives of the students attending his school as he/she is not financially or personally affected by any losses or damages that may occur to the lives of students. Insurable interest means that the insured has a financial or personal relationship with the subject matter of insurance, where the occurrence of an event may result in a financial loss or liability for the insured. The other options (A, B, and C) demonstrate a clear financial interest in the subject matter of insurance.

In Which Case Is There No Insurable Interest