Based on your reading of the Business Law textbook and course notes, having an insurable interest...

Based on your reading of the Business Law textbook and course notes, having an insurable interest means in law:

Select one:

a. A person has something to lose in respect of that which is insured.

b. The occurrence of the insured against event.

c. A person is interested in placing insurance.

d. The rate of return paid to investors in insurance companies.

Expert Solution

a. A person has something to lose in respect of that which is insured.

If an individual or entity is susceptible to financial loss or hardships due to any damage or loss caused to the same means that there is insurable interest in the item.

keosha answered 3 years ago

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