If an Insured Does Not Have an Insurable Interest in the Property

question 55

True/False

If an insured does not have an insurable interest in the property being insured, the contract is treated as a wager.

Recognize the role of employers and governments in contributory pension plans.

Analyze the influence of household income on retirement age in Canada.

Identify trends in employee benefits over the past two decades.

Explain the strategies organizations use to manage workforce size, including early retirement incentives.

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Definitions:

Marsh Grasses

Types of grasses that grow in marshes, wetlands, or near bodies of water, adapted to water-saturated soils.

Ground-level Ozone

A harmful air pollutant formed by the reaction of sunlight and pollutants from vehicle emissions and industrial activities.

Pollutant

A substance released into the environment by human activities; interferes with the function of organisms that evolved in the absence of the substance or with lower levels.

Atlantic Codfish

A cold-water fish native to the North Atlantic Ocean, known for its importance as a food fish.