Which of the following statements about an insurable interest in life insurance is (are) true?

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Which of the following statements about an insurable interest in life insurance is (are) true?

I. It is required of any person named as beneficiary.
II. It may result from a pecuniary (financial) interest.

A) I only
B) II only
C) both I and II
D) neither I nor II

Answer: B) II only

Insurance

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