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Insurable interest

The Beneficiary who would suffer loss if the event Insured against occurs; without an Insurable interest, an Insurance company will not issue a Policy.

Related Terms: 8 Beneficiary, Insurable interest, Insurance, Insured, Interest, OCC, Policy, Sue
Other Related Pages: Category: Insurance Starting With: I
Additional Related Terms: Accrued interest, All or any part, Accommodative monetary policy, Adjustable life insurance, As is, Attorney in fact, A shares, At the money, Across the board, Additional paid-in capital