When must an insurable interest legally exist in property insurance fo

When must an insurable interest legally exist in property insurance for an insured to receive payment for a loss from the insurer?

A) only at the time of the loss
B) only at the inception of the policy
C) only at the time the loss settlement takes place
D) both at the time of the loss and at the inception of the policy

 

 

ANSWER

Answer: A

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