For the Insurance to Be Valid, the Required Insurable Interest

question 8

Multiple Choice

For the insurance to be valid, the required insurable interest in life insurance contracts must exist:

• A) before the loss occurs.
• B) at the time the loss occurs.
• C) at the time the policy was issued.
• D) throughout the term of the policy.

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Definitions:

Environmental Factors

Aspects of the surroundings that can influence an individual's or population's physical, emotional, and cognitive development or well-being.

Personality Measures

Tools or tests designed to quantitatively assess individual characteristics and differences in personality.

Subjective

Based on personal feelings, tastes, or opinions rather than external facts or evidence.

Biases

Systematic and often unfair inclinations or prejudgements towards particular people, groups, or ideas.