Insurable interest does NOT occur in which of the following relationships?

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Insurable interest does NOT occur in which of the following relationships?

A) Sister and brother
B) Parent and children
C) Business partners
D) Business owner and business client

Answer: D) Business owner and business client

Legal Concepts

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An insured's building has an actual cash value of $200,000, and he has insured the property for $120,000 with an 80% coinsurance clause. A $40,000 loss occurs. How much will the policy pay?

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