Question

4. Following are the statements referring to example of insurable interest.
(1) Trustee holding the property on the behalf of others.
(2) A company insuring the life of brand ambassador.
(3) Father taking insurance policy in the name of his son.
(4) Wife taking insurance policy in the name of her husband.
Choose the correct statement
1, 2, 3 are correct but 4 is incorrect
(b) 1 and 2 are incorrect but 3 and 4 are correct
(c) 1 is incorrect but 2, 3 and 4 are correct
(d) All are correct​

Answer 1

Explanation:

options A is correct because 1,2,3 are correct according to questions and 4 are incorrect

Answer 2

Answer:

(c) 1 is incorrect but 2, 3 and 4 are correct