Which of the Following Is a Term Referencing the Concept

question 58

Multiple Choice

Which of the following is a term referencing the concept that a sufficient interest must exist on the part of an insured in order to take out a policy of insurance?

• A) Insurable interest
• B) Pecuniary interest
• C) Financial concern
• D) Financial effect
• E) Profit impact

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Definitions:

Market for Corn

A specific sector where buyers and sellers engage in the transaction of corn, influenced by factors like weather conditions and demand for biofuels.

Special-Interest Issues

Topics or concerns that are of particular importance to specific groups or organizations.

Sugar Imports

The act of bringing sugar into one country from another for sale or trade.

Income Redistribution

The transfer of income, wealth, or resources from some individuals to others by means of a social policy or mechanism.