| 11. | Typically, insurable interest is established by ownership, possession, or direct relationship.
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| 12. | Nor is insurable interest recognized for cohabiting couples.
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| 13. | Insurable interest either exists when a policy is issued, or it does not.
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| 14. | Insurable damage caused by the fire was estimated at over C $ 700 million.
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| 15. | The purpose of the requirement of insurable interest is to distinguish insurance from wagering.
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| 16. | But this is not an insurable situation.
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| 17. | Insurable interest is no longer strictly an element of life insurance contracts under modern law.
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| 18. | Under that plan, the government next year would pay 80 percent of the insurable losses.
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| 19. | Old equipment may not be insurable.
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| 20. | This status is granted by CMHC and allows True North Mortgage to underwrite insurable mortgage files.
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