Which of the following individuals must have insurable interest in the insured?

Which of the following individuals must have insurable interest in the insured?



a. producer
b. policy owner
c. beneficiary
d. actuary


Answer: b. policy owner-the policy owner must have an insurable interest in the insured, i.e. his/her own life if the policy owner and the insured is the same person, or in the life of a family member or a business partner.

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