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

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

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