An insurable interest
A) generally must exist both at the time the contract of insurance is made and when the event, resulting in a loss, occurs.
B) may be shown by a creditor.
C) is anything that benefits the insured by its continued existence which, if changed, would represent a loss.
D) may arise from a security interest in property.
E) All of the responses are correct.
Correct Answer:
Verified
Q1: Eugene's car is rear-ended by Larissa's car.
Q2: What is the legal test for determining
Q3: Henderson owned a concrete block building valued
Q4: The insurance agent
A) acts for the insured.
B)
Q6: Where two or more insurers properly pay
Q7: The contract of insurance is
A) not subject
Q8: Henderson owned a concrete block building valued
Q9: In every insurance contract
A) there is an
Q10: Henderson owned a concrete block building valued
Q11: Monique, a sculptor, insured one of her
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