n NISM Certifications
NSM General NISM
Medium

Which of the following best describes insurable interest?

Practice question from IC 38 Mock Test 15 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Financial interest of the person in the asset to be insured

    Correct answer

  2. B

    The asset which is already insured

  3. C

    Each insurer’s share of loss when more than one company covers the same loss

  4. D

    The amount of the loss that can be recovered from the insurer

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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