- 1 Marks
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
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
Report an error