Multiple choice

Directions: Choose the correct option for the given question.In a marine insurance, when must the insurable interest exist?

  1. At the time of making contract

  2. At the time of loss of subject matter

  3. Both at the time of making contract and at the time of loss of subject matter

  4. At the time of termination of the policy
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

 in a marine insurance, insurable interest exist at the time of loss of subject matter.

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