State True or False. An insurance contract is void if the insurable interest is not present.
True
False
True. An insurance contract is void if the insurable interest is not present.
State True or False. Failure to make disclosure of material facts by the insured make the contract of insurance voidable at the discretion of the insurer.
State True or False. Insurance provides certainty of payment for the risk loss.
State True or False. The life insurance premium is paid in one lump sum.
State True or False. Marine insurance provides protection against loss of rodent infestation.