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SAMPLE Life, Accident & Health Online Practice Exam Simulator
 
 
Question:
The purchaser of an insurance policy must be in a position to lose something of value if the contingency insured against should happen. This is known as:
 
Insurable interest must exist at the time of application and policy issue, not at the time of claim.
Answer Choices:Select the Correct Answer
Adhesion.
Executory.
Insurable interest.
Personal aspect.
 
 
 
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