What is an insurable interest? When must an insurable interest exist at the time the insurance policy

Question:

What is an insurable interest? When must an insurable interest exist—

at the time the insurance policy is obtained, at the time the loss occurs, or both? LO2

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Law Today

ISBN: 9781285528632

10th Edition

Authors: Roger Miller

See More Books

Question Posted: Jul 02, 2024 09:01 AM

See More Questions

Question 11 pts How would a "pure" risk best be described? Group of answer choices Winning at the poker tables in Las Vegas Experiencing a loss in the stock market Losing some pay from work because...
FUEL FOR THOUGHT: CLEAN GASOLINE AND DIRTY PATENTS SCOTT H. SEGAL INTRODUCTION One of the most successful air pollution control programs devised for use in the United States is the federal...
Helen Caldicott raises a family and then begins a career as a caterer. As her business grows, she hires several employees and rents space near downtown that has a retail space, parking, and a garage...
Use (4.1), for a perfectly conducting fluid, and the nonlinear equation of continuity (1.1), to show that the change of B with time in a fluid element is related to changes of density according to...
An experiment consists of rolling a die until a 3 appears. Describe the sample space And determine (a) How many elements of the sample space correspond to the event that the 3 appears on the kth roll...
The measurement 30 ft is ambiguous, but the measurement 30. ft is not. Explain what the ambiguity is, and how adding the decimal point eliminates the ambiguity.
Show the transfer of purchases to Judy's trading account. You may assume that the purchases were made as follows: Jan.-May 600 each month by cheque and June 1,000 on credit. LO.1
Halleck Company had 300 units of product in work in process inventory at the beginning of the period. It started 1,500 units during the period and transferred 1,200 units to finished goods inventory....
Transcribed image text: Use the following to answer the next 6 questions: Tom wants to buy a house priced at $500,000. He plans to put 20% down and a mortgage banker will lend him th remainder at a...
What are the basic requirements for executing a will? LO3
Is an insurance broker the agent of the insurance applicant or the agent of the insurer? LO1
A tank and piping system are shown. The galvanized pipe diameter is 3 cm, and the total length of pipe is 10 m. The two 90 elbows are threaded fittings. The vertical distance from the water surface...
As machines get older, the cost of maintaining them tends to increase. Suppose for a particular machine, the rate at which the maintenance cost is increasing is approximated by the function C' (t) =...
At Edsel Automotive, the management team is planning to expand one of its plants by adding a new assembly line for sport utility vehicles (SUVs). The cost of setting up the new SUV assembly line is...
Write out the form of the partial fraction decomposition of the function (See Example). Do not determine the numerical values of the coefficients. (If the partial fraction decomposition does not...
Listed here are the costs associated with the production of 1,000 drum sets manufactured by TrueBeat. Costs 1. Plastic for casing$16,000 2. Wages of assembly workers$83,000 3. Property taxes on...
The diagram shows the instant when a long slender bar of mass 4.8 kg and length 2.9 m is horizontal. At this instant the mass m= 6.2 kg has a vertical velocity of 5.3 m/s. If the pulley has...
The 66 low-orbit satellites in the Iridium project are divided into six necklaces around the earth. At the altitude they are using, the period is 90 minutes. What is the average interval for handoffs...
What is the expected payoff of an investment that yields $5,000 with a probability of 0.15 and $500 with a probability of 0.85? Select one: O a. $325 O b. $5,500 O c. $2,750 O d. $1,175

What is an insurable interest? When must an insurable interest exist at the time the insurance policy

Question:

Step by Step Answer:

Business Law Today

Students also viewed these Business questions