Insurable Interest

C3-L1-P21

Insurable Interest

**Note: In life insurance, an insurable interest must exist only at the time of issue.


This is unlike Property & Casualty Insurance where an insurable interest must be proved at the time of the claim. For example it is quite common for ex-spouses to collect death benefits many years after their divorces with no real insurable interest existing at the time of the insured's demise.