The principle states that the insured must have pecuniary (economic) interest in the subject-matter of the insurance, i.e. life or property insured. Normally, it is established by ownership, possession or direct relationship.
A. Indemnity
B. Doctrine of causa proxima
C. Doctrine of subrogation
D. Insurable interest
Answer:D
The principle states that the insured must have pecuniary (economic) interest in the subject-matter of the insurance, i.e. life or property insured. Normally, it is established by ownership, possession or direct relationship.
A. Indemnity B. Doctrine of causa proxima C. Doctrine of subrogation D. Insurable interest