Insurable Interest – NBC Institute

BL – May 2013 – L1 – SA – Q7 – Company Law

This question assesses the concept of insurable interest in a company.

Question

A shareholder has no insurable interest in the __________ of the company.

Answer

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Tags: Insurable Interest, Insurance Law
Level: Level 1

Topic: Company Law
Series: MAY 2013

BL – Nov 2015 – L1 – SA – Q19 – Company Law

Definition of insurable interest in insurance law.

Question

A person is said to have insurable interest in an insured person, thing, or event when
A. He is related by affinity to the insured
B. The insured is the property of the person
C. The insured is a chattel
D. He stands to gain or profit in his/its preservation and to suffer loss or damage in his/its destruction
E. The insured could go into extinction by usage

Answer

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Tags: Insurable Interest, Insurance Law, Legal Definition, Multiple Choice
Level: Level 1

Topic: Company Law
Series: NOV 2015

BL – MarJul 2020 – L1 – SA – Q16 – Introduction to Law

Question on identifying the principle that a person must have a financial interest in the subject matter of insurance.

Question

Under insurance contract, which principle states that a person must stand to gain from the preservation of the subject matter or suffer loss from its destruction?
A. Insurable interest
B. Insurance credit rule
C. Cover note policy
D. Indemnity principle
E. Insurance payment policy

Answer

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Tags: Insurable Interest, Insurance Law, Legal Principle, Risk Management
Level: Level 1

Topic: Introduction to Law
Series: MAR/JULY 2020

BL – May 2016 – L1 – SB – Q3d – Law Relating to Banking

Explain the concept of insurable interest in insurance law.

Question

Insurance is to mitigate the effect of losses when they occur.

Required:

Explain briefly the term “Insurable Interest”.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Insurable Interest, Insurance, Risk Management
Level: Level 1

Topic: Law Relating to Banking
Series: MAY 2016

BL – May 2013 – L1 – SA – Q7 – Company Law

This question assesses the concept of insurable interest in a company.

Question

A shareholder has no insurable interest in the __________ of the company.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Insurable Interest, Insurance Law
Level: Level 1

Topic: Company Law
Series: MAY 2013

BL – Nov 2015 – L1 – SA – Q19 – Company Law

Definition of insurable interest in insurance law.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Insurable Interest, Insurance Law, Legal Definition, Multiple Choice
Level: Level 1

Topic: Company Law
Series: NOV 2015

BL – MarJul 2020 – L1 – SA – Q16 – Introduction to Law

Question on identifying the principle that a person must have a financial interest in the subject matter of insurance.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Insurable Interest, Insurance Law, Legal Principle, Risk Management
Level: Level 1

Topic: Introduction to Law
Series: MAR/JULY 2020

BL – May 2016 – L1 – SB – Q3d – Law Relating to Banking

Explain the concept of insurable interest in insurance law.

Question

Insurance is to mitigate the effect of losses when they occur.

Required:

Explain briefly the term “Insurable Interest”.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Insurable Interest, Insurance, Risk Management
Level: Level 1

Topic: Law Relating to Banking
Series: MAY 2016

Question Tag: Insurable Interest

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BL – May 2013 – L1 – SA – Q7 – Company Law

This question assesses the concept of insurable interest in a company.

BL – Nov 2015 – L1 – SA – Q19 – Company Law

Definition of insurable interest in insurance law.

BL – MarJul 2020 – L1 – SA – Q16 – Introduction to Law

Question on identifying the principle that a person must have a financial interest in the subject matter of insurance.

BL – May 2016 – L1 – SB – Q3d – Law Relating to Banking

Explain the concept of insurable interest in insurance law.

BL – May 2013 – L1 – SA – Q7 – Company Law

This question assesses the concept of insurable interest in a company.

BL – Nov 2015 – L1 – SA – Q19 – Company Law

Definition of insurable interest in insurance law.

BL – MarJul 2020 – L1 – SA – Q16 – Introduction to Law

Question on identifying the principle that a person must have a financial interest in the subject matter of insurance.

BL – May 2016 – L1 – SB – Q3d – Law Relating to Banking

Explain the concept of insurable interest in insurance law.

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Question Tag: Insurable Interest

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BL – May 2013 – L1 – SA – Q7 – Company Law

This question assesses the concept of insurable interest in a company.

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BL – Nov 2015 – L1 – SA – Q19 – Company Law

Definition of insurable interest in insurance law.

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BL – MarJul 2020 – L1 – SA – Q16 – Introduction to Law

Question on identifying the principle that a person must have a financial interest in the subject matter of insurance.

You're reporting an error for "BL – MarJul 2020 – L1 – SA – Q16 – Introduction to Law"

BL – May 2016 – L1 – SB – Q3d – Law Relating to Banking

Explain the concept of insurable interest in insurance law.

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BL – May 2013 – L1 – SA – Q7 – Company Law

This question assesses the concept of insurable interest in a company.

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BL – Nov 2015 – L1 – SA – Q19 – Company Law

Definition of insurable interest in insurance law.

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BL – MarJul 2020 – L1 – SA – Q16 – Introduction to Law

Question on identifying the principle that a person must have a financial interest in the subject matter of insurance.

You're reporting an error for "BL – MarJul 2020 – L1 – SA – Q16 – Introduction to Law"

BL – May 2016 – L1 – SB – Q3d – Law Relating to Banking

Explain the concept of insurable interest in insurance law.

You're reporting an error for "BL – May 2016 – L1 – SB – Q3d – Law Relating to Banking"

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