insurable interest in life
- insurable interest in life
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One's interest in his own life. Any reasonable expectation of benefit or advantage from the continued life of another person, which advantage or benefit need not be capable of pecuniary estimation, but may be predicated upon any relation which is such as warrants the conclusion that the person claiming an insurable interest has an interest, whether pecuniary or arising from dependence or natural affection, in the life of the person insured. 29 Am J Rev ed Ins § 474.
Any pecuniary interest in the continued life of another is an insurable interest. Butterworth v Mississippi Valley Trust Co. 362 Mo 133, 240 SW2d 676, 30 ALR2d 1298.
Ballentine's law dictionary.
Anderson, W.S..
1998.
Look at other dictionaries:
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