Sally, who owns and runs her beauty supply business, Sally Limited, bought life insurance from Life's Great Insurance Company. One day, her house caught on fire due to someone accidentally flanked cigarette butt in her house garden. The whole house was almost destroyed, but Sally suffered minor injuries and her hospital bill is estimated at RM 20 000. On her claim form, she wrote RM 50 000 for the hospital bill and RM 500 000 for the house repair.<\/p>
Justify whether Life's Great Insurance Company has to indemnify Sally on her injury as well as on her house based on the principle of insurable interest.<\/p>", "transcribed_text": "", "related_book": { "title": "International Marketing And Export Management", "isbn": "1292016922, 978-1292016924", "edition": "8th Edition", "authors": "Gerald Albaum , Alexander Josiassen , Edwin Duerr", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/652ce9c2c4de0_70261.jpg", "uri": "\/textbooks\/international-marketing-and-export-management-8th-edition-9781292016924", "see_more_uri": "" }, "free_related_book": { "isbn": "1837631638", "uri": "\/textbooks\/infrastructure-as-code-for-beginners-deploy-and-manage-your-cloud-based-services-with-terraform-and-ansible-1st-edition-978-1837631636-365600", "name": "Infrastructure As Code For Beginners Deploy And Manage Your Cloud Based Services With Terraform And Ansible", "edition": "1st Edition" }, "question_posted": "2024-06-12 08:03:27", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/flies-are-tested-for-the-ability-to-learn-to-fly", "description": "Flies are tested for the ability to learn to fly toward the smell of potato, and the first to succeed is the 13th. 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Be...", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/normative-economics-refers-to-economic-statements-that-question-12-options-2776649", "next": "\/study-help\/questions\/intentional-teaching-strategy-the-box-is-positioned-next-to-the-2776651" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Economics", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-economics" }, { "name": "Sally, who owns and runs her beauty supply business, Sally Limited, bought", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/sally-who-owns-and-runs-her-beauty-supply-business-sally-2776650" } ], "skill_details": { "skill_id": "12", "skill_name": "Economics", "parent_id": "1" } } } }