All but Which of the Following Hold an Insurable Interest

question 60

Multiple Choice

All but which of the following hold an insurable interest?

• A) Shareholders in a closely held corporation to the extent of their interest in the corporation's property.
• B) A lessee of property.
• C) A seller with a purchase money security interest.
• D) A buyer of a truck, whether or not the buyer had knowledge of the fact that the truck was stolen by the seller.

---

Definitions:

Overconfidence Effect

A cognitive bias where an individual's subjective confidence in their judgments is greater than the objective accuracy of those judgments.

Social Desirability Bias

The tendency of respondents to answer questions in a manner that will be viewed favorably by others, often skewing the results of surveys and studies.

The Squeaky Wheel

An idiomatic expression referring to the idea that the most noticeable problem gets the most attention.

Projective Tests

Psychological assessment tools where subjects interpret ambiguous stimuli, revealing hidden feelings, desires, and conflicts.