Allowing People to Insure Property That They Have No Real

question 50

Multiple Choice

Allowing people to insure property that they have no real interest in may lead to the intentional destruction of the property.To which rule does this rationale apply?

• A) life insurance rule
• B) indemnity rule
• C) coinsurance rule
• D) insurable interest rule

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Definitions:

Monistic

Pertaining to the philosophical theory that reality is ultimately composed of one essential substance or principle.

Pluralistic

Describes a situation or society that acknowledges, accepts, and encourages diversity in beliefs, cultures, and lifestyles.

Economic Growth

An increase in the production of goods and services in an economy over a period of time.

Underlying Attitude

The fundamental or basic views and feelings that indirectly shape an individual's reactions and behaviors.