In which of the following cases is insurable interest not present?

In which of the following cases is insurable interest not present? Correct Answer A person insuring his colleague

For purposes of life insurance, everyone is considered to have an insurable interest in their own lives as well as the lives of their spouses and dependents. Employer also has an insurable interest on the life of his employees. Insurable interest is not present in the life of a colleague.
Bissoy MCQ

Related Questions

In which of the following cases does insurable interest not exist?
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কোনটি বিমাযোগ্য বিশুদ্ধ ঝুঁকির উদাহরণ? (Which of the following is the example of insurable pure risk?)
Reena took a loan of Tk. 1200 with simple interest for as many years as the rate of interest. If she paid Tk. 432 as interest at the end of the loan period, what was the rate of interest?