Question 1021 of 303 · California Life-Only Agent Exam
The term insurable interest means that the policyowner
Exactly one answer is correct.
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Correct answer to question 1021
- C: would suffer a loss if the insured event happened
Explanation
Insurable interest is a stake in the continued life or well-being of the insured. Without it, a policy would resemble a wager.
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