The Insurable Interest Requirement with Regard to Property Insurance

question 61

Multiple Choice

The insurable interest requirement with regard to property insurance:

• A)may be waived by a writing signed by the insured and insurer.
• B)may be satisfied by a person other than the legal owner of the property.
• C)must be satisfied at the time the policy is issued.
• D)must be satisfied by the insured's legal title to the property at the time of loss.

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Definitions:

Tibialis Anterior

A muscle located in the front part of the lower leg, responsible for dorsiflexion and inversion of the foot.

Gastrocnemius

A major calf muscle that's involved in walking, running, and jumping, contributing to the plantar flexion of the foot at the ankle.

Soleus

A powerful muscle in the lower leg that is involved in standing and walking; it runs from just below the knee to the heel.