An insurable interest refers to the fact that the insurance company has to have been paid a premium so that they have an interest in the contract.

Name: An insurable interest refers to the fact that the insurance company has to have been paid a premium so that they have an interest in the contract.
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An insurable interest refers to the policyholder's legal or financial interest in the life, property, or event being insured, not to the insurance company's receipt of premium payments.

An Insurable Interest Refers to the Fact That the Insurance