Insurable Interests in Property, Policy Effective Date, Insurer Cancellations, and Insurers Defenses to Payment to Payment ([23-5

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Insurable Interests in Property, Policy Effective Date, Insurer Cancellations, and Insurer’s Defenses to Payment to Payment ([23-5 Insurance], PPT Slides 24-29).

a. What is insurance?

b. Can anyone claim to have an insurable interest in a particular person or property?

c. How is the effective date of an insurance policy usually determined?

d. In what circumstances may an insurer cancel a policy?

e. What sort of defenses may an insurance company raise against payment on a claim?

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Andersons Business Law And The Legal Environment

ISBN: 9780357363744

24th Edition

Authors: David P Twomey, Marianne M Jennings, Stephanie M Greene

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Question Posted: Jul 30, 2023 08:53 AM

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Insurable Interests in Property, Policy Effective Date, Insurer Cancellations, and Insurers Defenses to Payment to Payment ([23-5

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a Insurance is an arrangement for transferring or allocating risk which is made pursuant to an insurance contract in which the insurance company promi...View the full answer

Andersons Business Law And The Legal Environment

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