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What are examples of insurable interest?

MCA Oral Exam Questions
Typography

FOB, CIF and other contracts of sale define the time of passing of risk, and thereby insurable interest, from seller to buyer. 

A carrier has an insurable interest in goods because of his liability to the goods owner. A shipper has an insurable interest in respect of any freight prepaid but not earned (e. g. if the vessel does not complete the voyage). The insurer of a subject-matter insured has an insurable interest in the risk he has written, allowing him to re-insure and spread the risk.

 

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