A pharmaceutical company employs a young chemist who is responsible for three new patents last year and for the development of the company’s two best-selling drugs. The company purchased a large life insurance policy on the chemist. In this case, the insurable interest requirement was met because of a(n)

Insurance

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A pharmaceutical company employs a young chemist who is responsible for three new patents last year and for the development of the company’s two best-selling drugs. The company purchased a large life insurance policy on the chemist. In this case, the insurable interest requirement was met because of a(n)

Options

A) ownership interest.
B) close family relationship.
C) pecuniary interest.
D) economic family relationship.

Answer: C) pecuniary interest.

The above question A pharmaceutical company employs a young chemist who is responsible for three new patents last year and for the development of the company’s two best-selling drugs. The company purchased a large life insurance policy on the chemist. In this case, the insurable interest requirement was met because of a(n), Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.