| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 1,783,729,518 visitors served. |
|
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
insurable interest |
Also found in: Dictionary/thesaurus, Legal, Wikipedia | 0.01 sec. |
|
Insurable interest An insurance term referring to the relationship between a policy's insured person or property and the potential beneficiary. The beneficiary must have an insurable interest in the insured person or property to receive payment of the policy if the insured died while the policy was in force. insurable interest A right or interest in property or in the life of another that would cause the person to suffer a monetary loss if injury came to the property or to the other person. One must have an insurable interest in order to buy insurance, because the insurance is intended to compensate one for a loss. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
|
| ? Mentioned in | ? References in periodicals archive | |
|---|---|---|
| Fearing the loss of favorable tax treatment and the undermining of insurable interest laws, life insurers are supporting an effort to put the reins on speculative life settlement transactions. Each one depends on whether an insurable interest exists" Panik says. We were fortunate in being a large Michigan employer, because Michigan was one of the first states to codify the idea that a VEBA trust has an insurable interest in its employees. |
| Financial Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup | Partner with us |
|---|