The Concept of Insurable Interest
DOI:
https://doi.org/10.61841/0m9tk881Keywords:
Insurable Interest, Insurance claim, Life insurance.Abstract
This research paper discusses the concept of Insurable Interest which is crucial to the insurance claims as it says that insurance can only be claimed by a person who has a vested interest in the subject matter of the insurance. The paper discusses the nature and types of insurance which are contractual and statutory. The paper elucidates the position of insurable interest when the subject matter is the life of an individual and discusses the concept in relation to husband and wife, parents and children, debtor and creditor & husband and wife. The paper concludes with talking about the need of doing away with Insurable interest in cases of life insurance.
Downloads
References
[1] M. S. Sawant, S. S. Nimbalkar, A. P. Yadav, D. A. Bondge, and M. M. Patil, “Multiple Power Supplied
Fertilizer Sprayer,” Int. J. Innov. Eng. Res. Technol., 2015.
[2] R. Pinheiro Da Silva, “Modelling and control of quadcopter,” Rev. Inter Ação, 2015.
[3] D. R. Tobergte and S. Curtis, “Arduino Uno,” J. Chem. Inf. Model., 2013.
[4] D. Wheat and D. Wheat, “Arduino Software,” in Arduino Internals, 2012.
[5] J. Zhao and Y. Yangwei, “Brushless DC Motor Fundamentals Application Note,” MPS, Futur. Analog IC
Technol., 2011.
[6] S. Baldursson, “BLDC Motor Modelling and Control – A Matlab ® /Simulink ® Implementation –,” Master
Thesis Work, 2005.
[7] C. Mi and M. A. Masrur, “Battery Modeling,” in Hybrid Electric Vehicles, 2017.
[8] K. M. Abraham, “A Polymer Electrolyte-Based Rechargeable Lithium/Oxygen Battery,” J. Electrochem. Soc.,
1996.
[9] D. K. Misra, Radio-Frequency and Microwave Communication Circuits. 2004.
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution 4.0 International License.
You are free to:
- Share — copy and redistribute the material in any medium or format for any purpose, even commercially.
- Adapt — remix, transform, and build upon the material for any purpose, even commercially.
- The licensor cannot revoke these freedoms as long as you follow the license terms.
Under the following terms:
- Attribution — You must give appropriate credit , provide a link to the license, and indicate if changes were made . You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
- No additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.
Notices:
You do not have to comply with the license for elements of the material in the public domain or where your use is permitted by an applicable exception or limitation .
No warranties are given. The license may not give you all of the permissions necessary for your intended use. For example, other rights such as publicity, privacy, or moral rights may limit how you use the material.
