11th Class Business Studies Business Services Question Bank Business Services (Higher)

  • question_answer
    Anju has taken a loan from Avi against the security of his factory. Can Avi take a fire insurance policy of that factory?

    Answer:

    Ans.     No, she cannot. Because in case of fire insurance, insurable interest has to be present both at the time of affecting the policy and also when the claim falls due.


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