What is the Necessity of Insurable Interest in Insurance Contracts? - Looking at English Law with the Perspective of India
10 Pages Posted: 21 May 2009
Date Written: May 20, 2009
This paper defines what Insurable Interest means. Among other things this work looks at Insurable Interest Contracts: Who can insure against loss in a property? What can or cannot be insured? Who can insure? Who can be said to have an insurable interest in another's life? What kind or relationships may give rise to an insurable interest subject to be insured, is other words who can insure who in a given (family) relationship?
This paper looks at English Insurance Law, and compares it with the position in India.
Keywords: Insurance Law, What is an Insurable Interest in Insurance Contracts, What can be Insured against, What kind of relationships can be Insured against anticipated loss, Who can Insure who, Who may not Insure who
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