Insurable interest exists only when a number of conditions are met. Which of the following is not one of the requirements for insurable interest?

Insurance

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Insurable interest exists only when a number of conditions are met. Which of the following is not one of the requirements for insurable interest?

A. The applicant must not share the interest with anyone else

B.The applicant must not have a potential for gain because of the insurance

C.The applicant must face a risk of loss

D.The applicant must have an interest in protecting what is insured

Answer: A. The applicant must not share the interest with anyone else

The above question Insurable interest exists only when a number of conditions are met. Which of the following is not one of the requirements for insurable interest?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.