Without_____ , there can be no enforceable insurance contract.

Name: Without_____ , there can be no enforceable insurance contract.
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An insurable interest is required for an insurance contract to be legally enforceable. This means the policyholder must stand to suffer a financial loss or certain types of non-financial losses if the insured event occurs. Without an insurable interest, the contract could be considered a wagering contract and thus unenforceable.

Without_____ , There Can Be No Enforceable Insurance Contract