2016•Unpublished venueRequires access

INSURABLE INTEREST : Insurance is intended to provide the insured with an indemnity against loss although life assurance does not fit easily with the description. The insurance moneys should not provide a profit for the insured (see Chapter 9). If an insured was allowed to insure in situations where he stood to make a profit

Ray Hodgin

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Key concepts: Indemnity, Actuarial science, Life insurance, Business, Auto insurance risk selection, Casualty insurance, General insurance, Insurance policy

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INSURABLE INTEREST : Insurance is intended to provide the insured with an indemnity against loss although life assurance does not fit easily with the description. The insurance moneys should not provide a profit for the insured (see Chapter 9). If an insured was allowed to insure in situations where he stood to make a profit — Research Paper | ScholarLens