The Concept of an Insurable Interest

question 17

Multiple Choice

The concept of an insurable interest

• A)is aimed at avoiding moral hazards.
• B)prevents an insurance company from selling a policy to anyone other than the owner of a piece of property.
• C)creates an important general exception to the general rule of indemnification.
• D)is relevant only in cases of co-insurance.
• E)was abolished by the Supreme Court of Canada's decision in Kosmopoulos v Constitution Insurance Co.

---

Definitions:

Cultural Appropriation

The act of adopting elements of one culture by members of another culture, often without understanding or respecting the original meaning and context, which can lead to controversies and accusations of disrespect.

Sensitivity Training

A form of training designed to help individuals understand and appreciate differences among people in the workforce by addressing prejudices and biases.

Critical Race Theory

An intellectual movement and framework that examines society and culture as they relate to categorizations of race, law, and power, emphasizing the effects of systemic racism.

Symbolic Interactionism

A sociological perspective that examines society and individual behaviors through the study of symbols, meanings, and interactions between people.