Vidyalelo
Commerce · Q61

Insurance

Graduate and Post Graduate · Commerce · question 61

Q61

For a household insurance policy, insurable interest need only exist at outset and at what other point?

A.
The date the cancellation period expires
B.
The date a claim occurs
Answer
C.
The date the policy document is received
D.
The termination date

Answer: Option B

Solution

Answer: Option B
Solution:
For a household insurance policy, insurable interest need only exist at outset and the date a claim occurs.