An insurance contract may be unlawful if: a. it is taken out by a child on the

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An insurance contract may be unlawful if:

a. it is taken out by a child on the life of their parent.

b. the person taking out the policy does not have an insurable interest in the subject of the contract.

c. it is for an amount higher than the value of the person's life that is the subject of the policy.

d. it is taken out by a person on a business partner.

Posted Date: May 20, 2024 02:08 AM

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An insurance contract may be unlawful if: a. it is taken out by a child on the

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