Compare and contrast insurable interest as it applies to insurance contracts in common law and how it
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Question:
Compare and contrast insurable interest as it applies to insurance contracts in common law and how it applies under the Insurance Contracts Act 1984 (Cth)
If contracts of insurance are meant to indemnify the insured and not allow them to profit, then assess whether valued policies and life insurance policies are consistent with the principle of indemnity.
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