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Author Question: Which of the following statements about the principle of insurable interest is (are) true? I. It ... (Read 72 times)

SAVANNAHHOOPER23

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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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Answer to Question 1

Answer: B

Answer to Question 2

Answer: A





 

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