Property And Casualty Insurance License Practice Test
Property And Casualty Insurance License Policy Provisions and Concepts 2
What is 'insurable interest' and when must it exist for property insurance?
Select your answer
A
The insured's desire to protect property; must exist only at time of loss
B
A financial stake in the property; must exist at the time the policy is issued and at the time of loss
C
Ownership of property; must exist only at policy inception
D
A lien on the property; must exist only at time of loss
Hint
