Which of the Following Is Correct Concerning When Insurable Interest

question 2

Multiple Choice

Which of the following is correct concerning when insurable interest must exist?

• A)in property and liability insurance, it must exist at the inception of the contract
• B)it is seldom required in property insurance unless there are liens on the property
• C)it must exist at the time of death of the insured for the beneficiary to collect in life insurance
• D)in life insurance it must exist at the inception of the policy but it is not necessary at the time of the loss

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Definitions:

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A range of psychological disorders characterized by abnormal or disturbed eating habits.

Early Childhood

A critical period in human development extending from birth to approximately 8 years of age, characterized by rapid physical, cognitive, social, and emotional growth.

Controls

In experiments, a group that does not receive the treatment under study and is used as a benchmark to measure how the other tested groups do.

Abnormal Psychology

The scientific study of abnormal behavior undertaken to describe, predict, explain, and change abnormal patterns of functioning.