बीमाकरणीय इसके अंग्रेजी अर्थ का उदाहरण

The most important sections of this Act include::§4: a policy without insurable interest is void.

Advocates for credit insurance products argue consumers that are not insurable could benefit from a product such as credit life insurance rather than standard life insurance as no medical exam is required in the former scenario.

There is no legislative or insurable requirement for a policy to be owned by a specific party or entity and there may be circumstances be it for taxation or policy continuation purposes where policies may be owned and paid for by the insured person directly or owned by another individual.

Kosmopoulos could not recover damages as owner for the assets of the business as they were owned by the company and not him, but that he could recover as insured because of his insurable interest in the building.

Both are technically unlawful, as not having insurable interest, and so were unenforceable in law.

However, the court found that the owner, as insured, held an insurable interest in the assets—that is, he had enough of a link to the assets to validly insure them (one cannot insure, for example, a building they have nothing to do with).

In doing so, the court rejected the Macaura principle that limited an insurable interest to those having legal or equitable title to an asset.