The principle of insurable interest does NOT require the insured to:
A. Have a legal or financial relationship with the subject matter of insurance.
B. Benefit from the continued existence of the subject matter of insurance.
C. Demonstrate financial need for insurance coverage.
D. Suffer a financial loss if the subject matter of insurance is damaged or destroyed.
Answer:C
The principle of insurable interest does NOT require the insured to:
A. Have a legal or financial relationship with the subject matter of insurance. B. Benefit from the continued existence of the subject matter of insurance. C. Demonstrate financial need for insurance coverage. D. Suffer a financial loss if the subject matter of insurance is damaged or destroyed.