Multiple Choice
Which of the following is a term referencing the concept that a sufficient interest must exist on the part of an insured in order to take out a policy of insurance?
A) Insurable interest
B) Pecuniary interest
C) Financial concern
D) Financial effect
E) Profit impact
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q15: Premiums for whole-life insurance are generally smaller
Q22: A commercial general liability policy provides protection
Q38: Insurance is defined as a contract in
Q40: A policy of title insurance is an
Q54: Which of the following is a term
Q56: If the purpose of an insurance policy
Q57: Which of the following types of life
Q59: If insurance covers some type of business
Q60: A[n] _ clause states that after an
Q62: Which of the following refers to the