If the proponent has no insurable interest in the insured the...

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Examveda

If the proponent has no insurable interest in the insured, the underwriter will

A. Accept with reduced sum assured

B. Reject the proposal

C. Accept with lien

D. Accept with extra premium

Answer: Option A

If the proponent has no insurable interest in the insured, the underwriter will accept with reduced sum assured.

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