An insurable interest
A) generally must exist both at the time the contract of insurance is made and when the event occurs that results in a loss.
B) may be shown by a creditor.
C) is anything that benefits the insured by its continued existence and that,if changed,would represent a loss.
D) may arise from a security interest in property.
E) All of these.
Correct Answer:
Verified
Q21: Where an insurer pays indemnity to an
Q25: Through the principle of co-insurance, the insured
Q44: Bailments can arise in a wide variety
Q55: The liability of innkeepers has a long
Q61: When a bailor's goods are not returned
Q62: The insurance agent
A)acts for the insured.
B)is responsible
Q63: An insurer's liability is limited by
A)the doctrine
Q66: The contract of insurance is
A)not subject to
Q67: The doctrine of subrogation
A)protects the insured against
Q68: Mary takes her engagement ring to Sparkles
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents