Q2749
Consider the following statements: I. In case of the marine insurance, the insurable interest must exist at the time the loss occurs II. In case of fire insurance, insurable interest must exist both at the time of the contract and at the time of loss Which of the statements given above is/are correct?
A.
I only
B.
II only
C.
Both I and II
AnswerD.
Neither I nor II
Answer: Option C
Solution
Answer: Option C
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