IC Paper 1 (Set B)

Posted on

 999

6 Jan 2023

IC Paper 1 Question

Which of the following factors is NOT essential to insurable interest?

a) There must be some property, rights, interest or potential liability capable of being insured.

b) The property, rights, interest or potential liability must be the subject matter of the insurance.

c) The insured must not stand in a relationship, recognised by law, with the subject matter of the insurance.

d) The proposer must benefit from the continued existence of the subject matter of the contract or be prejudiced by its loss.

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