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Which of the following statements describes an insurable interest?
A) The beneficiary, by definition, has an insurable interest in the insured.
B) The policyowner must expect to benefit from the insured’s death.
C) The policyowner must expect to suffer a loss when the insured dies or becomes disabled.
D) The insured must have a personal or business relationship with the beneficiary.
Answer: C) The policyowner must expect to suffer a loss when the insured dies or becomes disabled.
The above question Which of the following statements describes an insurable interest?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
