Insurance is classified according to the nature of the risk involved.
Correct Answer:
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Q8: An insurable interest in property must exist
Q9: Insurance companies are prohibited from prac?ticing risk
Q10: An insured's lack of an insurable interest
Q11: A coinsurance clause provides that two or
Q12: An insurance application is usually not part
Q13: If a life insurance applicant pays a
Q14: Normally, a fire insurance policy provides for
Q14: A person can insure anything in which
Q16: Insurance coverage is never effective until a
Q26: Misstatements or misrepresentations in an application for
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