Insurable Interest Means That the Policyholder Is the One at Risk

question 47

True/False

Insurable interest means that the policyholder is the one at risk to suffer a loss.

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Definitions:

HR Manager

A professional responsible for overseeing human resources functions, including recruitment, training, and benefits administration.

Disseminate Information

To disseminate information means to distribute or spread information widely among a target audience or through specific channels.

Employment-At-Will Doctrine

A legal principle stating that an employment relationship can be terminated by either the employer or employee for any reason not prohibited by law.

Wrongful Termination

The illegal or unauthorized firing of an employee in violation of federal, state laws, or contractual terms, leading to possible legal action against the employer.