In a goods$-$in$-$bailment contract, when is an insurable interest created?

Multiple Choice

Never, because an insurable interest cannot exist in a goods$-$in$-$bailment contract

When the seller has the risk of loss

When either party has title, risk of loss, or some other economic interest attached to the goods

Two $(2)$ days after either party acquires title to the goods

When the buyer has title to the goods