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    Exam 18: Insurance and Guarantee
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    Define the Term "Insurable Interest" and State the Effect on the Insured
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Define the Term "Insurable Interest" and State the Effect on the Insured

Question 31

Question 31

Essay

Define the term "insurable interest" and state the effect on the insured where they do not have an insurable interest.

Correct Answer:

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An insurable interest requires a genuine...

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