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A. Explain the principle of Insurable Interest as it relates to insurance contracts, and state when this interest exists in relation to Life Insurance vs

A. Explain the principle of Insurable Interest as it relates to insurance contracts, and state when this interest exists in relation to Life Insurance vs Property Insurance. (6 marks) B. Identify the FOUR (4) segments of a Personal Auto Policy and discuss what coverage is provided under each and the exclusions of each segment. (8 marks) C. Explain why the insurance industry needs to be regulated. (6 marks)

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