For Property Insurance, the Insurable Interest Must Exist When a Policy

question 24

True/False

For property insurance, the insurable interest must exist when a policy is purchased.

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Definitions:

Belongingness Motivation

The fundamental human need and desire to form and maintain strong, stable interpersonal relationships.

Socially Connected

The feeling or state of being close and interconnected with others, often contributing to a sense of belonging.

Premature Death

Death that occurs before the average age of death in a certain population, often due to disease or external factors.

Mental Health Problems

A broad range of conditions affecting a person's psychological, emotional, or social well-being.