In which case is there no insurable interest?
A) Barbie's 25% ownership in an oil well
B) A dry cleaner in its customers' clothes
C) A bank (creditor) in property used to secure a loan
D) A school principal in the lives of the students attending his school
Correct Answer:
Verified
Q34: Which of the following is not an
Q35: If an insured has actual cash value
Q36: A misrepresentation:
A) always voids a contract
B) makes
Q37: A binder is:
A) part of most property
Q38: The _ clause in an insurance policy
Q40: The parol evidence rule says:
A) oral statements
Q41: Shicara owns a jewelry store. In exchange
Q42: "Binders" are typically used with:
A) life and
Q43: Sarah has a house valued at $200,000
Q44: Evan has his house insured for $200,000.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents