Q198
According to common law, when should insurable interest be present in a general insurance contract?
A.
At the time of taking policy
B.
At the time of claim
C.
Both A & B
AnswerD.
None of the above
Answer: Option C
Solution
Answer: Option C
Solution:
Insurable interest should be present at both the times, i.e. at the time of taking policy as well as at the time of claim.