When must insurable interest exist in a life insurance policy
a) It must continue for the life of the policy.
b) It must exist when a claim is submitted.
c) Insurable interest must exist only at the time the applicant enters into a life insurance contract.
d) If no insurable interest exists when a policyowner buys a life insurance policy, the contract may still be enforced.
[bg_collapse view=”button-orange” color=”#4a4949″ icon=”arrow” expand_text=”Show Answer” collapse_text=”Hide Answer” ] c) Insurable interest must exist only at the time the applicant enters into a life insurance contract. [/bg_collapse]
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