In General, There Is No Requirement That an Insurable Interest

question 9

True/False

In general, there is no requirement that an insurable interest exist at the time that a property insurance contract is created.

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Definitions:

Emotional Reactions

Immediate responses to stimuli or events that are characterized by feelings such as happiness, anger, or sadness.

Appraisals

Evaluations or assessments of something's value, significance, or condition, often in the context of mental processing regarding events or situations.

Knock-Knock Jokes

A form of humor and a type of joke, typically presented in a call-and-answer format, that relies on wordplay and puns for comedic effect.

Statistics Students

Individuals engaged in the study of the collection, analysis, interpretation, presentation, and organization of data.