Give some examples of an insurable interest
The insured has an insurable interest in his or her life. A person has an insurable interest in the life of another when such a relationship exists between them that a reasonable expectation of benefit will be derived from the continued existence of the other person.
With respect to property, ownership is the clearest type of insurable interest, but an insurable interest also arises when the insured would suffer a monetary loss by the destruction of the property.
You might also like to view...
A firm is considering a new project whose risk is greater than the risk of the firm's average project, based on all methods for assessing risk. In evaluating this project, it would be reasonable for management to do which of the following?
a. Increase the estimated NPV of the project to reflect its greater risk. b. Reject the project, since its acceptance would increase the firm's risk. c. Ignore the risk differential if the project would amount to only a small fraction of the firm's total assets. d. Increase the cost of capital used to evaluate the project to reflect its higher-than-average risk. e. Increase the estimated IRR of the project to reflect its greater risk.
In today's business world, a personal brand can differentiate a job candidate from others with similar skills, helping the person to stand out.?
Indicate whether the statement is true or false