Which of the Following Is Correct with Respect to the Meaning

question 99

Multiple Choice

Which of the following is correct with respect to the meaning of an insurable interest?

• A) An insurable interest means that the person causing the loss is required to show enough interest in what he is doing to be careful.
• B) The insurance company must have received a premium before it can be said to have an interest in the agreement and be bound to pay when a claim is made.
• C) The beneficiary or person receiving payment must have an ownership interest in the thing being insured.
• D) The person taking out the insurance contract must be in a position that he will suffer a loss if the insured-against event occurs.
• E) This term describes when a person has taken out insurance on something.

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Definitions:

Person-Situation Debate

A discussion in psychology focused on whether behavior is more influenced by personality traits or situational factors.

Behavioral Tendencies

Patterns of behavior exhibited consistently by an individual across different situations.

Person-Situation Debate

A discussion in psychology about whether behavior is influenced more by personality traits or situational factors.

Aggressive Types

Classification of behaviors or personalities that are characterized by hostility, assertiveness, and often the intent to harm others.