Which of the Following Statements Is True of a Life

question 8

Multiple Choice

Which of the following statements is true of a life insurance?

• A) The insurable interest need not exist at the time of insurance.
• B) The insurable interest need not exist at the time of death or loss.
• C) The beneficiary and the insured cannot be the same person.
• D) The beneficiary and the insured must be bound by a relationship of blood.

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