An Insurable Interest in Property Must Exist

question 66

Multiple Choice

An insurable interest in property must exist:

• A) at the time the insurance policy is obtained.
• B) at the time the loss occurs.
• C) from the time the policy is obtained to the time the loss occurs without interruption.
• D) for only one person at a time in a particular property.

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Definitions:

Louis Brandeis

An American lawyer and Associate Justice on the Supreme Court of the United States from 1916 to 1939, known for his advocacy of privacy rights and progressive policies.

Civil Liberties

Basic rights and freedoms guaranteed to individuals, often protected from government interference, such as freedom of speech and religion.

Free Speech

The right to express one's opinions openly without governmental restraint.

Manufacture of Consent

A concept in media and communications indicating the manipulation of public opinion to serve the interests of a governing elite.