At what point must insurable interest exist for a life insurance policy to be valid?

At what point must insurable interest exist

Multiple choice — select the best answer

AOnly at the time the policy is applied for and issued
BOnly at the time the insured dies
CContinuously for the life of the policy
DAt every premium payment date

✓ Correct answer: A. Only at the time the policy is applied for and issued In life insurance, insurable interest must exist at the inception of the contract. Unlike property insurance, it need not exist at the time of loss.

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