__________ principle in insurance mention the assured must have insurable interest in the life or property insured.

Question

Question: __________ principle in insurance mention the assured must have insurable interest in the life or property insured.

Options:

1.  subrogation
2.  causa proxima
3.  indemnity
4.  insurable interest.

Answer 1

4. Insurable interest

Insurable interest principle in insurance mention the assured must have insurable interest in the life or property insured.

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More info:

Insurable interest is a type of investment that protects anything from financial losses.

A person or business has an insurable interest in an item, event or action where an loss of an item may result in financial loss or other difficulties.