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