Beal occupies an office building as a tenant under a 25-year lease. Beal also has a mortgagee’s (lender’s) interest in an office building owned by Hill Corp. In which capacity does Beal have an insurable interest?

Tenant Mortgagee

a. Yes Yes

b. Yes No Chapter 36 Insurance 845 Tenant Mortgagee

c. No Yes

d. No No AppendixLO1