Insurable interest means:
A. The insured person must have a financial stake in the subject matter of insurance.
B. The insurance policy must be affordable for the insured.
C. The insurer must have a good reputation in the market.
D. The insured person must have knowledge of insurance principles.
Answer:A
Insurable interest means:
A. The insured person must have a financial stake in the subject matter of insurance. B. The insurance policy must be affordable for the insured. C. The insurer must have a good reputation in the market. D. The insured person must have knowledge of insurance principles.