Insurable Interest

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1. Under Section23, what is the effect of a change of interest by will or succession upon the insured’s death?
2. Mira owns an orchard and validly contracts to insure her expected crop from those existing trees. Assume a risk of pecu…
3. Leo expects a wealthy neighbor to give him a painting someday. He has no actual right, valid contract or other insurabl…
4. A and B jointly own and jointly insure a warehouse. A transfers her entire interest to B. The policy says insurance cea…
5. A single property policy separately insures MachineX and MachineY. The insured sells only X without a corresponding tra…
6. A property policy covers a machine. A covered injury produces a loss while the insured owns it. Only afterward does the…
7. A policy promises to pay a person for destruction of property even if that person never has any insurable interest. It …
8. Explain whether Section10 recognizes interest in the life or health of: a person who partly pays the applicant’s educat…