Without an Insurable Interest,there Is No Enforceable Insurance Contract

question 22

True/False

Without an insurable interest,there is no enforceable insurance contract.

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Definitions:

Refugee Program

Formal initiatives designed to support individuals who have been forced to flee their home countries due to persecution, conflict, violence, or human rights violations.

Venture Capital

That part of household savings used to finance high-risk business enterprises in exchange for stock (and thus a share of any profit if the enterprises are successful).

Green-card Holders

Individuals who possess a United States Permanent Resident Card, authorizing them to live and work in the U.S. permanently.

Undocumented Workers

Individuals who are employed without legal authorization in a country, often lacking the necessary documentation or permits.