Describe insurable interest in life insurance

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Reference no: EM131715601

What is a peril and how is it different from a hazard? Describe a specific hazard and a peril that may be associated with that hazard.

Describe “insurable interest” in life insurance. When must the policyowner have an insurable interest in the life of the insured?

Reference no: EM131715601

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Describe insurable interest in life insurance : Describe “insurable interest” in life insurance. When must the policyowner have an insurable interest in the life of the insured?

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