Allowing People to Insure Property That They Have No Real

question 50

Multiple Choice

Allowing people to insure property that they have no real interest in may lead to the intentional destruction of the property.To which rule does this rationale apply?

• A) life insurance rule
• B) indemnity rule
• C) coinsurance rule
• D) insurable interest rule

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Definitions:

Tax Payments

The compulsory contributions to state revenue levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions.

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