In Property Insurance the Insured Must Have an Insurable Interest

question 70

True/False

In property insurance the insured must have an insurable interest when the loss occurs and need not have it when the policy is taken out in order to collect.

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Definitions:

Class Definition

In computer programming, it refers to the blueprint or template from which objects are created, describing the properties and behaviors of those objects.

Definition By Negation

Describing a term's meaning by specifying what it isn't, instead of what it is.

Charismatic Person

An individual possessing a special magnetic charm or appeal that attracts and holds others' attention.

Ronald Riggio

An American psychologist known for his work in leadership, organization psychology, and nonverbal communication.