An Insurable Interest in Property Must Exist When a Policy

question 1

True/False

An insurable interest in property must exist when a policy is purchased.

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Definitions:

Witnesses

Witnesses are individuals who observe events first-hand and can provide testimony or evidence about those events in legal proceedings.

Handwrote

The action of writing something using a pen, pencil, or other writing instrument, as opposed to typing or printing.

Valid

A term used to describe something that is legally sound and binding.

Advance Directives

Written statement in which people gives instructions for their future medical care.