Which of the following is not correct with regards to insurable interest?

Which of the following is not correct with regards to insurable interest? Correct Answer Friends taking out insurance on one another

Friends taking out insurance on one another is not correct with regards to insurable interest.
Bissoy MCQ

Related Questions

In which of the following cases is insurable interest not present?
In which of the following cases does insurable interest not exist?
নৌ বিমার আহাজ ভাড়া পণ্য পৌঁছানোর পর পরিশোধ করা হলে, জাহাজ ভাড়ায় কার বিমাযোগ্য স্বার্থ বিদ্যমান? (Who has insurable interest on freight in marine insurance if the freight is paid after arriving goods at the destination?)
For a household insurance policy, insurable interest need only exist at outset and at what other point?
Rahul is employed by Sunny. In respect of this employment, Rahul automatically has an insurable interest in Sunny’s life up to what limit, if any?
According to common law, when should insurable interest be present in a life insurance contract?
When is it essential for insurable interest to be present in case of life insurance?
According to common law, when should insurable interest be present in a general insurance contract?
কোনটি বিমাযোগ্য বিশুদ্ধ ঝুঁকির উদাহরণ? (Which of the following is the example of insurable pure risk?)
Interest rates are one of the important components used while determining the premium. Which of the below statement is correct with regards to interest rates?