Which of the Following Is True in Relation to Insurable

question 135

Multiple Choice

Which of the following is true in relation to insurable interest?

• A)Shareholders do not have a sufficient interest in the assets of a corporation to take out insurance on them and receive compensation if they are damaged or destroyed.
• B)If Chuck takes out insurance on his ex-wife's home and it burns down,he will be able to collect from the insurance company.
• C)If Joe has an insurable interest in property,he will likely enjoy an insurance windfall in the event of a loss of that property.
• D)If Sam arranges a comprehensive,all-risk insurance policy,this will guarantee that he holds an insurable interest in the insured property.
• E)If Mr.Cole takes out the proper insurance on his home and it burns down,he will be able to collect from the insurance company.

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Definitions:

Sex

A biological attribute distinguishing organisms on the basis of their reproductive roles, commonly categorized as male or female.

Early Ages

A reference to the initial stages or periods of human history or individual life, often seen as formative in development.

Conflict Perspective

A sociological approach that focuses on the power differentials and conflicts between different groups in society, interpreting social life as a struggle for resources and power.

Functionalist Perspective

A sociological viewpoint that sees social institutions and structures as integrated parts working together to maintain societal stability and function.