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FLORIDA 2-15 INSURANCE LICENSE RATIONAL EXAM 300 QUESTIONS AND CORRECT ANSWERS GRADED A+ 2023
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Which of the following constitutes an insurable interest? A. the policyowner must expect to benefit from the insured's death B. the policyowner must expect to suffer a loss when the insured dies or becomes disabled C. the beneficiary, by definition, has an insurable interest in the insured D. the insured must have a personal or business relationship with the beneficiary - ANSWER- B. RATIONALE:Insurable interest requires the policyowner to benefit from the insured's continuing to live or enjoy good health or to suffer a loss when the insured dies or is disabled
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