Commercial Law, 2012 Bar — Question 36

MULTIPLE CHOICE

For both the Life Insurance and Property Insurance, the insurable interest is required to be- A) existing at the time of perfection of the contract and at the time of loss. B) existing at the time of perfection and at the time of loss for property insurance but only at the time of perfection for life insurance. C) existing at the time of perfection for property insurance but for life insurance both at the time of perfection and at the time of loss. D) existing at the time of perfection only.

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