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.

---

Definitions:

Social Pressure

The influence exerted by society or a social group on individuals to conform to expected norms and behaviors.

Brain Maturity

The process by which the brain develops and matures, affecting cognitive abilities, emotional regulation, and decision-making capacity.

First 6 Months

A crucial period in an infant's life marked by rapid physical, cognitive, and emotional growth.

Co-sleeping

Co-sleeping is the practice of sleeping close to one’s baby or child, which can be in the same bed or in the same room, to facilitate easier feeding, comforting, and monitoring at night.