In the case of life insurance, the principle of insurable interest operates
A)In the same way as in marine insurance
B)In the same way as fire insurance
C)In the same way as in motor insurance
D)Differently than in other forms of insurances.

Question

Quizplus · Accepted Answer

The principle of insurable interest in life insurance operates differently than in other forms of insurance. In life insurance, the policyholder must have an insurable interest in the life of the insured at the time of the contract's inception, but not necessarily at the time of the claim. This contrasts with other types of insurance, such as property or casualty insurance, where insurable interest must exist at the time of the loss.

In the Case of Life Insurance, the Principle of Insurable