Life insurance requires that an insurable interest in the continued life of the insured exist when a policy is obtained.

Name: Life insurance requires that an insurable interest in the continued life of the insured exist when a policy is obtained.
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Question

Quizplus · Accepted Answer

Insurable interest must exist at the time the life insurance policy is initiated, ensuring that the policyholder has a legitimate interest in the continued life of the insured, typically based on financial or familial relationships.

Life Insurance Requires That an Insurable Interest in the Continued