When must an insurable interest legally exist in property insurance for an insured to receive payment for a loss from the insurer?

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When must an insurable interest legally exist in property insurance for an insured to receive payment for a loss from the insurer?

A) only at the time of the loss
B) only at the inception of the policy
C) only at the time the loss settlement process takes place
D) both at the time of the loss and at the inception of the policy

Answer: A) only at the time of the loss

Insurance

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