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Which of the following statements regarding insurable interest is NOT correct?
A) The applicant must be subject to loss upon the death, illness,or disability of the insured.
B) A policy obtained by a person without an insurable interest in the insured can be enforced.
C) Generally, the person to be insured must give consent before a policy is issued, even if the applicant has an insurable interest.
D) Insurable interest exists when the applicant is the insured.
Answer: B) A policy obtained by a person without an insurable interest in the insured can be enforced.
The above question Which of the following statements regarding insurable interest is NOT correct?, Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.
