Question

What is the legal pre-requisite for every insurance contract?

a.

Uberrima Fides

b.

Indemnity

c.

Insurable Interest

d.

Subrogation

Posted under IC38 Life Insurance Agent Exam

Answer: (c).Insurable Interest Explanation:The legal pre-requisite for every insurance contract is "Insurable Interest."

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Q. What is the legal pre-requisite for every insurance contract?
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