1. Direct blood relatives certainly have an insurable interest in a family member. 2. A business partner can have an insurable interest in another business partner. 3. The best examples of insurable interests are the unlimited interest a person has 4. Typically, insurable interest is established by ownership, possession, or direct relationship. 5. Such arrangements circumvent the insurable interest requirement and are illegal in most states. 6. Insurable interest either exists when a policy is issued, or it does not.7. The purpose of the requirement of insurable interest is to distinguish insurance from wagering. 8. The agency is examining the " insurable interest " issue. 9. Insurable interest is no longer strictly an element of life insurance contracts under modern law.10. :As coneslayer notes it is down to insurable interest .
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