An Insurable Interest in Property Need Not Exist When a Policy

question 30

True/False

An insurable interest in property need not exist when a policy insuring against its damage or loss is purchased.

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Definitions:

Intelligence Quotient

A measure of a person's intellectual abilities in relation to their age group, typically assessed by standardized tests.

Davis-Moore Thesis

A sociological proposition that argues for the functional necessity of social stratification and inequality for the optimal performance of a society.

Social Inequality

The presence of unequal opportunities and rewards for different social positions or statuses within a group or society.

Functional

Working or operating in a way that fulfills the purpose or task for which something was designed.