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Insurable interest |
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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. |
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? Mentioned in | ? References in periodicals archive | |
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| 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. |
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Insurable interest
