A partner does not have an insurable interest to the extent of the possible loss in the property owned by a firm.
Correct Answer:
Verified
Q2: A stock insurance company is a corporation
Q3: Which of the following best defines insurance?
Q5: A company in which policyholders are the
Q6: An oral or written misstatement of a
Q8: Insurance contracts must specify the particular risks
Q9: Which of the following best defines subrogation?
A)
Q12: A minor who wishes to disaffirm is
Q16: James mortgaged his house and received a
Q18: Either party to an insurance contract may
Q19: A "binder" on an insurance policy is
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