Who if anyone would have an insurable interest
Problem
Brief example of a hazard as well as a few perils. State why each example is either a hazard or peril. Having done so, state if an insurance product exists for the type of risk. Who, if anyone, would have an insurable interest?
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What is the minimum price Lombard would accept for an internal transfer of 1,000 units of the product if the division is operating at 50% capacity?
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Brief example of a hazard as well as a few perils. State why each example is either a hazard or peril. Who if anyone would have an insurable interest?
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