For Property Insurance, an Insurable Interest Must Exist: _____

question 49

Multiple Choice

For property insurance, an insurable interest must exist: _____.

• A) at the time the policy is purchased.
• B) at the time of the loss.
• C) both at the time the policy is purchased and at the time the loss is sustained.
• D) for at least thirty (30) days before the loss is sustained.

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Definitions:

Cognitive Dissonance

The mental discomfort experienced by an individual who holds two or more contradictory beliefs, values, or ideas at the same time.

Attitude Change

The process in which an individual's feelings, beliefs, or behavioral intentions toward an object, person, or situation are modified.

Persuasive Message

A message intended to change the attitudes, beliefs, or behaviors of the receiver through argumentation or appeal.

Attention

The act of concentrating on a specific stimulus while ignoring other irrelevant information.