Economics · Banking and Financial Institutions
Match List I with List II regarding the timing of Insurable Interest: List I (Insurance Contracts)List II (Presence of Insurable Interest)(A) Marine insurance(III) At the time of loss of the subject matter(B) Life insurance(IV) At the time the insurance contract is effected(C) Fire insurance(I) Both at the time of contract as well as at the time of loss of subject matter(D) General insurance (General principles)(II) Throughout the contract of insurance (or as required by specific type) Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A - III, B - I, C - IV, D - II
- 2A - I, B - IV, C - II, D - III
- 3A - III, B - IV, C - I, D - II✓
- 4A - IV, B - II, C - III, D - I
Correct answer
A - III, B - IV, C - I, D - II
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