Practice question
Under section 13, what is central to an insurable interest in property?
- Mere curiosity about it
- A relation or liability such that the contemplated peril might directly damnify the insured
- Only physical possession without any possible loss
- Only a wish to win money
- Only knowledge of the owner’s name
Legal references
- https://lawphil.net/statutes/repacts/ra2013/ra_10607_2013.html — Insurance Code as amended by RA 10607, sections 10 and 13–19
Answer this question in flashcards to review your response and continue practicing.