An Insured's Lack of an Insurable Interest Is an Absolute

question 15

True/False

An insured's lack of an insurable interest is an absolute defense against payment.

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Definitions:

Bryophyta

A group of non-vascular plants comprised of mosses, liverworts, and hornworts, noted for their prevalent gametophyte stage.

Horsetails

A group of vascular plants in the genus Equisetum, known for their jointed, hollow stems and reproduction through spores, not seeds.

Terrestrial Life

Organisms that live and thrive on land, as opposed to in water or air.

Land Plants

A large group of terrestrial plants, including bryophytes, ferns, and seed plants, that are key contributors to terrestrial ecosystems and the global oxygen cycle.