Insurable Interest Means That the Insured Must Have a Personal

question 32

True/False

Insurable interest means that the insured must have a personal stake or interest in whatever is being insured.

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Definitions:

Management Skills

The abilities and competencies that enable an individual to manage others efficiently and effectively.

Technical Skill

The ability to use expertise to perform a task with proficiency.

Human Skill

The ability to work well in cooperation with other people.

Cooperation

The act of working together towards common goals or interests, often involving shared efforts, resources, and support.