When must insurable interest exist in a life insurance policy

  Life Insurance MCQs
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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.

c) Insurable interest must exist only at the time the applicant enters into a life insurance contract.   

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