In Life Insurance Contracts, the Required Insurable Interest Must Exist

question 36

True/False

In life insurance contracts, the required insurable interest must exist at the time of the insured's death.

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Definitions:

Redness

A sign of inflammation or increased blood flow to a specific area, often observed as part of the body's response to injury or infection.

Heat

A form of energy that is transferred between systems or objects with different temperatures, moving from the system of higher temperature to the system of lower temperature.

Pain

An unpleasant sensory and emotional experience associated with actual or potential tissue damage, or described in terms of such damage.

Swelling

The enlargement or distention of a part of the body as a result of inflammation or accumulation of fluid.