At what time there should be insurable interest in, a) Life insurance; b) fire insurance; and c) Marine insurance.
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Answered by
1
Answer:
a) life insurance
Explanation:
For life insurance, the insurable interest must exist at the time of purchasing life insurance. An individual is said to have an insurable interest in his own life and that of his spouse. The concept of insurable interest ensures that none gambles on someone else's life or property.
Answered by
7
Answer:
life insurance
Explanation:
OK OK OK OK
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