Insurable Interest

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1. Under section 13, what is central to an insurable interest in property?
2. When must property insurable interest exist under section 19?
3. When must insurable interest in another person’s life or health exist under section 19?
4. A person wishes to insure a stranger’s warehouse solely because he hopes it burns and pays him. He has no actual right,…
5. A depository holds goods and faces liability for their loss. Can that liability support insurable interest under sectio…
6. A valid property policy took effect while Lina owned the insured asset. She temporarily lost the interest, lawfully rea…
7. At inception, a creditor validly insures the life of a debtor whose death could prevent payment. The debt is later full…
8. Compare the timing of insurable interest in property and in life or health under section 19.
9. Explain why ownership is not the sole possible source of property insurable interest.
10. State the measure of property insurable interest and apply it to an insured who would suffer only part of an asset’s to…
11. Under Section10(b), dependence on another person for what purpose can support insurable interest in that person’s life …
12. Which interest is expressly recognized by Section10(d) as a basis to insure another person’s life or health?