At Common Law,the Insured in Every Contract of General Insurance

question 12

Multiple Choice

At common law,the insured in every contract of general insurance had to have something called:

• A)Pecuniary Interest.
• B)Equitable Interest.
• C)Valuable Interest.
• D)Insurable interest.

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Definitions:

Competency

A combination of skills, abilities, and knowledge required to perform a specific task effectively.

Cluster

An assembly of alike items or persons that are closely positioned or take place near each other.

Change Competency

The ability of individuals or organizations to effectively manage, adapt to, and implement change.

Net-zero Impact

An environmental goal where the amount of greenhouse gases emitted is balanced by the amount removed from the atmosphere.