An Insurable Interest in Property Must Exist at the Time

question 39

True/False

An insurable interest in property must exist at the time that the loss is suffered, while an insurable interest in life must exist at the time that the policy is issued.

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Definitions:

Reporting Results

The process of presenting data and findings from research or analysis to stakeholders, typically through written documents or presentations.

Hypothesis

An initial explanation suggested for an observed event, intended to guide further research.

Nature

In development, nature refers to genes. Thus, traits, capacities, and limitations inherited at conception are nature.

Gene For Epilepsy

Gene for epilepsy indicates specific genetic variations that increase the likelihood of developing epilepsy, a neurological condition characterized by recurrent seizures.