Question: Part I. Choose true or false? Explain why? 1. In non-life insurance, insurable interest must exist when risks occur. True or False? Explain and give

Part I. Choose true or false? Explain why? 1. In non-life insurance, insurable interest must exist when risks occur. True or False? Explain and give an example? 2. Third party liability insurance belongs to non-life insurance. True or False? Explain and give an example? 3. Subrogation will be applying if insured losses are caused by the third party? True or False? Explain and give an example? 4. Principle of ulmost good faith only applies to the insured. True or False? Explain and give an example? 5. In third party liability insurance, third party can be the insured or the members of their family. True or False? Explain and give an example?

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