Question

Which among the following options cannot be insured by Ramesh?

a.

Ramesh’s house

b.

Ramesh’s spouse

c.

Ramesh’s friend

d.

Ramesh’s parents

Answer: (c).Ramesh’s friend Explanation:Insurance typically requires the presence of an insurable interest, which means that the person seeking insurance must have a financial interest in the subject matter being insured. In this case, Ramesh can have insurable interests in his house, spouse, and parents because these relationships or properties can have financial implications for him. However, Ramesh generally does not have a financial interest in a friend, so he cannot insure them directly.

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Q. Which among the following options cannot be insured by Ramesh?

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