Which of the Following Is Correct with Respect to the Meaning

question 99

Multiple Choice

Which of the following is correct with respect to the meaning of an insurable interest?

• A) An insurable interest means that the person causing the loss is required to show enough interest in what he is doing to be careful.
• B) The insurance company must have received a premium before it can be said to have an interest in the agreement and be bound to pay when a claim is made.
• C) The beneficiary or person receiving payment must have an ownership interest in the thing being insured.
• D) The person taking out the insurance contract must be in a position that he will suffer a loss if the insured-against event occurs.
• E) This term describes when a person has taken out insurance on something.

---

Definitions:

Cerebrum

The largest part of the brain, responsible for voluntary activities, sensation, thought, reasoning, and memory.

Cerebellum

A part of the brain located at the back of the skull that regulates coordination and balance.

Brainstem

The lower part of the brain, connecting the cerebrum with the spinal cord, and responsible for controlling basic life functions such as breathing and heartbeat.

Cerebral Cortex

The outer layer of the brain's cerebrum, involved in high-level functions such as sensory perception, cognition, generation of motor commands, and language.