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An Insurable Interest

Question 5

Multiple Choice

An insurable interest


A) generally must exist both at the time the contract of insurance is made and when the event, resulting in a loss, occurs.
B) may be shown by a creditor.
C) is anything that benefits the insured by its continued existence which, if changed, would represent a loss.
D) may arise from a security interest in property.
E) All of the responses are correct.

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