If the Insured Does Not Have an Insurable Interest in the Property

question 54

True/False

If the insured does not have an insurable interest in the property being insured, the contract is treated as a wager.

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Definitions:

Evocative Genotype-Environmental Correlation

The process by which an individual's genetically influenced behaviors elicit certain responses from their environment, shaping their experience.

Genetic Endowment

The set of genes and genetic information an individual inherits from their parents.

Double Helix

The structure of DNA, characterized by two strands that wind around each other like a twisted ladder.

Huntington Disease

A hereditary disorder caused by a genetic mutation, leading to the progressive degeneration of nerve cells in the brain.