The phrase "the applicant for insurance has more to gain if the insured continues to live than if the insured dies" is the rule defining

A) insurable interest
B) the aleatory nature of an insurance contract
C) a legal wagering contract
D) one's legal capacity to enter into an insurance contract"

Ans: A) insurable interest

Business

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Liquidity refers to the ability of an enterprise to pay its debts as they mature.

a. true b. false

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The minimax regret criterion:

A) maximizes the minimum regret. B) minimizes the minimum regret. C) minimizes the maximum regret. D) maximizes the maximum regret.

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