Nibaf Certification Practice Test & Exam Prep | Pakistan

For an insurance contract to be valid, the insured must have an 'Insurable Interest'. This means the insured must:

Have a legal ownership of the policy document. Stand to suffer a financial loss if the insured event occurs. Be able to pay the premium regularly. Have a direct family relationship with the subject matter of insurance.

Correct Answer:

Stand to suffer a financial loss if the insured event occurs.

Access more questions from this quiz

Continue to Nibaf Certification Practice Test & Exam Prep | Pakistan for more practice questions and the full quiz experience.

Access More Questions