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:

Behavior Therapy

A type of psychotherapy that focuses on changing undesirable behaviors through conditioning techniques.

Graduated Exposure

In behavior therapy, a method in which a person suffering from a phobia or panic attacks is gradually taken into the feared situation or exposed to a traumatic memory until the anxiety subsides.

Systematic Desensitization

A behavioral therapy technique used to help individuals overcome phobias and anxiety disorders through gradual exposure to the feared object or situation.

Flooding

In behavior therapy, a form of exposure treatment in which the client is taken directly into a feared situation until his or her panic subsides.