Which of the Following Is Correct Concerning When Insurable Interest

Which of the following is correct concerning when insurable interest must exist?

A) in property and liability insurance, it must exist at the inception of the contract
B) it is seldom required in property insurance unless there are liens on the property
C) it must exist at the time of death of the insured for the beneficiary to collect in life insurance
D) in life insurance it must exist at the inception of the policy but it is not necessary at the time of the loss