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Insurable interest
Contents Syllabus learning
outcomes
Learning objectives Chapter
Introduction
Key terms 4
A Definition of insurable interest 3.7
B Timing of insurable interest 3.7
C Creation of insurable interest 3.7
D Application of insurable interest 3.7
Key points
Answers
Self-test questions
Learning objectives
After studying this chapter, you should be able to:
• define insurable interest;
• describe when insurable interest needs to exist;
• outline when insurable interest commonly arises in various classes of insurance;
• describe how insurable interest may be created; and
• apply the concept of insurable interest to property and liability policies.
