an interest in a person or thing that will support the issuance of an insurance policy; an interest in the survival of the insured or in the preservation of the thing that is insured
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Examples of insurable interest
insurable interest
Both are technically unlawful, as not having insurable interest, and so were unenforceable in law.
From the en.wikipedia.org
Insurable interest must exist whether property insurance or insurance on a person is involved.
From the en.wikipedia.org
That concept says that you cannot buy insurance on my life, or on my house, unless you have an insurable interest.
From the nytimes.com
This raises issues about the future insurable interest in property, which has to be part of the conclusions the Government has reached.
From the scoop.co.nz
For life insurance policies, close family members and business partners will usually be found to have an insurable interest.
From the en.wikipedia.org
The insurable interest requirement usually demonstrates that the purchaser will actually suffer some kind of loss if the CQV dies.
From the en.wikipedia.org
If Germany had simply required buyers of credit-default swaps to have an insurable interest, it would have been standing up for a principle.
From the nytimes.com
And the reason for the premium difference in the example you mention is nothing to do with whether or not there is an insurable interest.
From the guardian.co.uk
Most, and until 2005 all, common law jurisdictions require the insured to have an insurable interest in the subject matter of the insurance.
From the en.wikipedia.org
