DeMario was turned down when he attempted to buy a life insurance policy on his former Introduction to Business instructor. The most likely reason the insurance company turned down his attempt to insure the life of his former instructor was that
A) the chance of the loss could not be measured.
B) he did not have an insurable interest in the instructor's life.
C) the instructor had already taken out a policy.
D) the loss would not be accidental.

Question

Quizplus · Accepted Answer

DeMario was likely turned down because he did not have an insurable interest in his former instructor's life, which is a requirement for purchasing life insurance on someone else.

DeMario Was Turned Down When He Attempted to Buy a Life