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Which of the statements is true of a life insurance

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Reference no: EM132602337

Question 1: Which of the following statements is true of a life insurance?

Option 1: The insurable interest need not exist at the time of insurance.

Option 2: The beneficiary and the insured cannot be the same person.

Option 3: The beneficiary and the insured must be bound by a relationship of blood.

Option 4: The insurable interest need not exist at the time of death.

Reference no: EM132602337

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