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Hello tutor, could you kindly answer the following questions below, Thank you 1. Define the following terms: Insurable interest in property: Insurable interest in Life:

Hello tutor, could you kindly answer the following questions below,

Thank you

1. Define the following terms:

Insurable interest in property:

Insurable interest in Life:

2. Kinds of insurance:

Business Liability Insurance:

Fire Insurance:

Homeowners Insurance:

Renter's Insurance:

Automobile insurance:

Life Insurance:

Term insurance (life):

Whole Insurance (life):

What is a beneficiary:

3. Define:

What is the difference between an agent and an employee?

Agency:

Authority:

Principal:

Special Agent:

Universal Agent:

General Agent:

Agency by Appointment

Authorization by Conduct:

Agency by Ratification:

Express Authority:

Incidental Authority:

Customary Authority:

Apparent Authority:

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