Karim is a financial advisor for a large private equity firm. From his years of work, he accumulated some savings and wants to start his own business by building a hotel. He approached Ahli United Bank in order to secure a loan for his upcoming venture. With his equity and loan, he was able to purchase a land from Purple Bricks Realty and finance the construction of his project through signing an agreement with TKO Contractors to build the Hotel in Muharraq. How is Ahli United Bank's insurable interest supported in this scenario? O a. Contractual rights O b. Ownership of property O c. Secured creditors O d. Potential legal liability A total loss under a valued policy is settled on the basis of the; O a. Amount of insurance stated in the policy O b. Actual cash value at the time of loss OC. Fair market value of the loss O d. Replacement cost less depreciation