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Examveda

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.

This Question Belongs to Commerce >> Insurance

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