2005•Unpublished venueRequires access
Principle of Insurance Interest and Its Application
Sun Jil
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Abstract
Insurance interest is neither economic benefit nor concerned interest, and let it alone, legal interest, but refers to the risk not confirmed that can be shifted. Property insurance interest takes possible damage as its quantitative standard, and life insurance interest is based on contracting parties agreement. The subject of insurance interest should be the insured but not the policy holder. The establishment of the principle of insurance interest is the prerequisite of the sound development of insurance activity.