The beneficiary who would suffer loss if the event insured against occurs; without an insurable interest, an insurance company will not issue a policy.
Related information about insurable interest:
- Insurable interest - Wikipedia, the free encyclopedia
Insurable interest exists when an insured person derives a financial or other kind of benefit from the continuous existence of the insured object (or in the context ...
- Insurable Interest - Legal Dictionary - The Free Dictionary
A right, benefit, or advantage arising out of property that is of such nature that it may properly be indemnified. In the law of insurance, the insured must have an ...
- insurable interest - The Free Dictionary
(Law) Law a financial or other interest in the life or property covered by an insurance contract, without which the contract cannot be enforced. Thesaurus Legend: ...
- What is insurable interest? definition and meaning
Definition of insurable interest: True, valid, determinable, and direct economic stake of an insurance policy holder (or of the beneficiary of the policy) in the ...
- What Is Insurable Interest?
A person has an insurable interest in something when loss or damage to it would cause that person to suffer a financial loss or certain other kinds of losses.
- Insurable Interest Coverage
The insurable interest option is available only if you are unmarried with either no dependent children or one dependent child. You may elect insurable interest ...
- insurable interest - Insurance Glossary
insurable interest - An interest by the insured person in the value of the subject of insurance, including any legal or financial relationship.
- What is an insurable interest survivor benefit election?
If you are in good health and you retire for reasons other than disability, you may elect to provide a survivor annuity to someone with an insurable interest.