Which of the Following Is Correct with Respect to the Meaning

question 99

Multiple Choice

Which of the following is correct with respect to the meaning of an insurable interest?

• A) An insurable interest means that the person causing the loss is required to show enough interest in what he is doing to be careful.
• B) The insurance company must have received a premium before it can be said to have an interest in the agreement and be bound to pay when a claim is made.
• C) The beneficiary or person receiving payment must have an ownership interest in the thing being insured.
• D) The person taking out the insurance contract must be in a position that he will suffer a loss if the insured-against event occurs.
• E) This term describes when a person has taken out insurance on something.

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Definitions:

Power Assertion

A disciplinary technique used by caregivers that involves the use of authority, demands, and possibly physical coercion to correct or direct a child's behavior.

Interpersonal Problems

Difficulties or conflicts in interactions between individuals in various settings, including personal relationships, workplaces, and social contexts.

Prosocial Behaviors

Actions that are undertaken to benefit others, such as helping, sharing, and comforting, indicative of empathy and moral development.

Inductive Techniques

Methods of reasoning that derive general principles from specific observations or instances.