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Explain the concept of insurable interest in a contract of insurance. Explain in two lines whether any of the following have an insurable interest: a.A

Explain the concept of "insurable interest" in a contract of insurance. Explain in two lines whether any of the following have an insurable interest:

a.A parent in the life of their child (5 marks)

b.A corporation in the life of its employees (5 marks)

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