According to common law, when should insurable interest be present in a general insurance contract?
A. At the time of taking policy
B. At the time of claim
C. Both A & B
D. None of the above
Answer: Option C
Solution(By Examveda Team)
Insurable interest should be present at both the times, i.e. at the time of taking policy as well as at the time of claim.Related Questions on Insurance
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