Which of the Following Would Strongly Support an Insured's Insurable

question 19

Multiple Choice

Which of the following would strongly support an insured's insurable interest?

• A) The property has been given as security for commercial financing.
• B) The insured's beneficial interest would be prejudiced by its destruction.
• C) The validity of the special nature of the insurance contract has been determined.
• D) The property is the subject of any form of financing security.

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Definitions:

Buggy Whips

A product or service that has become obsolete due to technological advancements or changes in consumer preferences.

Demand

The interest and capacity of buyers to acquire a product or service for a certain cost.

Human Capital

The abilities, understanding, and expertise held by a person or a group, considered in terms of their economic or value worth to a company or nation.

Ph.D.

A Doctor of Philosophy degree, a postgraduate academic degree awarded by universities.