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The Concept of an Insurable Interest

Question 3

Multiple Choice

The concept of an insurable interest


A) is relevant only in cases of co- insurance.
B) is aimed at avoiding moral hazards.
C) prevents an insurance company from selling a policy to anyone other than the owner of a piece of property.
D) creates an important general exception to the general rule of indemnification.
E) was abolished by the Supreme Court of Canada's decision in Kosmopoulos v Constitution Insurance Co.

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