Any type of property or any event which may result in a loss of legal right or the creation of a legal liability is the subject-matter of what
insurance
1 of 10
The financial interest a person has in the subject-matter of the insurance as defined in the case of Castellain v. Preston (1883) is the subject matter of what
contract
2 of 10
What type of relationship must be present between the insured and the subject-matter of the insurance recognised in law for insurable interest to exist
legal
3 of 10
What type of value must the insurable interest in the subject-matter of the insurance have
financial
4 of 10
What type of insurable interest is created by the expectation of acquiring insurable interest at some time in the future
anticipated
5 of 10
What type of insurance insists that there is an insurable interest at inception but not at the time of a claim
life
6 of 10
For what type of insurance is the general rule that there must be insurable interest at inception and the time of a claim
general
7 of 10
Under what type of law do we all owe duties to each other and have certain rights which gives rise to insurable interest
common
8 of 10
What is the name for someone who holds property on a temporary basis on behalf of the legal owner
bailees
9 of 10
What is the name for someone who is renting a property and therefore has insurable interest in that property even though they are not the owner
tenant
10 of 10
Other cards in this set
Card 2
Front
The financial interest a person has in the subject-matter of the insurance as defined in the case of Castellain v. Preston (1883) is the subject matter of what
Back
contract
Card 3
Front
What type of relationship must be present between the insured and the subject-matter of the insurance recognised in law for insurable interest to exist
Back
Card 4
Front
What type of value must the insurable interest in the subject-matter of the insurance have
Back
Card 5
Front
What type of insurable interest is created by the expectation of acquiring insurable interest at some time in the future
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