Identify the Test for Whether the Insured Has an Insurable

question 4

Essay

Identify the test for whether the insured has an insurable interest in the thing being insured,and briefly explain the rationale behind this rule.

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Definitions:

SmartArt Object

A feature in Microsoft Office programs that allows the user to create sophisticated graphical representations of information.

Vertical Alignment

The adjustment of text or items on a page or in a cell to be top, center, bottom, or justified, aligned along the vertical axis.

Picture Placeholder

A designated area in a document or presentation layout that allows users to insert an image.

Text Box Placeholder

A temporary text in a text box that guides users on what to enter, typically removed when the user starts typing.