About this document
Insurable Interest in Insurance Law by Michelle Mae Mabano is a document available to read on EtoBox.
This document distinguishes between insurable interest in property insurance and insurable interest in life insurance. 1) In property insurance, the insured must have a legal basis for their expectation of benefit from the insured property. In life insurance, there is no requirement for a legal basis of the expected benefit from the continued life of the insured. 2) In property insurance, the amount of insurance cannot exceed the actual value of the insured
- Author
- Michelle Mae Mabano
- Language
- EN