An Insurable Interest Is

question 56

Multiple Choice

An insurable interest is

• A)an interest in goods permitting a party to insure against their damage.
• B)an interest in ensuring that goods are of a certain quality.
• C)interest that can accrue from investing in insurance of certain goods.
• D)none of the choices.

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Definitions:

Residual Income

The amount of income that an entity has after all personal debts and expenses, including the mortgage, have been paid.

Minimum Required Rate

The lowest acceptable rate of return on investment or performance metric that a company or project must achieve.

Casket Division

A business unit or segment within a company that specializes in the production or sale of caskets.

Operating Assets

Assets used by a business in its day-to-day operations to generate revenue, such as machinery, equipment, and inventory.