A person must have an insurable interest in something in order to insure it.
Correct Answer:
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Q3: A loss sustained before the effective date
Q5: Liability insurance protects a business in the
Q6: Insurance protection may compensate for the injury
Q7: Customarily, a party offers to purchase insurance
Q7: Insurance contracts are usually obtained through an
Q10: Misstatements in an insurance application can void
Q12: Insurance is an arrangement for transferring and
Q13: An insurance agent is an agent of
Q17: Insurance policies are governed by the general
Q18: Life insurance requires that an insurable interest
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