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Give Some Examples of an Insurable Interest and Explain Why

question 8

Essay

Give some examples of an insurable interest and explain why they are insurable .


Definitions:

Altruism

The selfless concern for the well-being of others, often leading to acts of kindness or generosity without expectation of personal gain.

Egoism

A theory in ethics that treats self-interest as the foundation of morals.

Psychological Egoism

The theory that suggests individuals are driven by self-interest and all actions are motivated by personal gain.

Altruistic Behavior

Selfless actions performed for the benefit of others, without expectation of personal gain.

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