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O-LevelCommerceInsurance7100/11 · Oct/Nov 2018 · Q271 Mark

Which insurance principle explains why a person cannot benefit from insuring a neighbour's house?

Acontribution
Binsurable interest
Csubrogation
Dutmost good faith

✓ Correct answer

B: insurable interest

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About this question

Topic
Insurance, O-Level Commerce (syllabus 7100). Multiple choice, 1 mark.
Source
O-Level Commerce, Oct/Nov 2018 Paper 1 Variant 1, question 27.

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