Question

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What is the Principle of Insurable Interest?

Answer 1

Hey mate, here is your answer -:)

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It refers that there must be such a relationship between the insured and the subject matter of insurance that the insured stands to benefit by its safety and to lose by its loss.

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HOPE it helps to you!!!

Answer 2

Answer:

Hey mate, here is your answer -:)

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It refers that there must be such a relationship between the insured and the subject matter of insurance that the insured stands to benefit by its safety and to lose by its loss.

___________________________

HOPE it helps to you!!!