Completing the Application, Underwriting, Delivering Policies, Contract Law
Why is a life insurance contract void if issued to a policyowner who has no insurable interest in the insured?
Answer and explanation
Answer: D. Contracts lacking insurable interest lack legal purpose and are unenforceable wagering agreements.Source: Texas Insurance Code Chapter 1111A — § 1111A.017
More completing the application, underwriting, delivering policies, contract law questions
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