Multiple choice technology testing

The following is not the example of Insurable Interest

  1. By Law

  2. By Relation

  3. By ownership

  4. Interest of a Person in life

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Insurable interest can exist by law (e.g., mortgage lenders), by ownership (you own the property), or through natural interest in one's own life and close family members. 'By relation' alone is not a recognized legal basis for establishing insurable interest.