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Author Question: Which of the following statements about the principle of insurable interest is (are) true? I. It ... (Read 77 times)

SAVANNAHHOOPER23

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on: Jul 11, 2018
Which of the following statements about the principle of insurable interest is (are) true? I. It makes it difficult to measure the amount of an insured's loss. II. It reduces moral hazard.
 
  A) I only
  B) II only
  C) both I and II
  D) neither I nor II

Question 2

All of the following will support an insurable interest for purposes of purchasing property and liability insurance EXCEPT
 
  A) former ownership of property.
  B) potential legal liability.
  C) secured creditors.
  D) contractual right.


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akpaschal

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: B

Answer to Question 2

Answer: A


SAVANNAHHOOPER23

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Reply #2 on: Jul 11, 2018
TY


akpaschal

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Reply #3 on: Jul 11, 2018
Happy to Help


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