If an insured does not have an insurable interest in the property being insured, the contract is treated as a wager.
Correct Answer:
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Q1: An insurable interest is created when an
Q3: Shippers can purchase comprehensive insurance to cover
Q4: An insurance policy, once made, cannot be
Q5: _ is a means for persons and
Q6: An insurance contract is called a policy.
Q7: In the context of insurance, what does
Q8: Who is an underwriter?
A) a lawyer who
Q9: Insurance is a form of coverage for
Q10: An insurance broker is an agent of
Q11: _ is a requirement that a person
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