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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.

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4. Insurable interest

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


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.

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