An Insurable Interest

question 33

Multiple Choice

An insurable interest

• A) generally must exist both at the time the contract of insurance is made and when the event, resulting in a loss, occurs.
• B) may be shown by a creditor.
• C) is anything that benefits the insured by its continued existence which, if changed, would represent a loss.
• D) may arise from a security interest in property.
• E) All of the responses are correct.

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