All of the Following Will Support an Insurable Interest for Purposes

question 22

Multiple Choice

All of the following will support an insurable interest for purposes of purchasing property and liability insurance EXCEPT

• A)close family relationship.
• B)potential legal liability.
• C)secured creditors.
• D)a contract right.

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Definitions:

Paradox of Voting

A situation in which the costs of voting (time, effort) outweigh the apparent benefits, given the low probability of influencing the outcome.

Appeal

The process of requesting a higher court to review and change the decision of a lower court.

Special Benefits

Exclusive advantages or privileges granted to a specific group, individual, or organization, often not available to others.

Government

is the organization or system through which a society or community is governed, typically involving the establishment and enforcement of public policies and laws.