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Question
Assertion: The concept of insurable interest is fundamental to all insurance contracts.
Reasoning: It ensures that the insured has a legitimate financial interest in the subject matter insured.
Options
A is true and R is the correct explanation of A.
A is true, but R is not the correct explanation of A.
A is true, but R is false.
A is false, but R is true.
Solution
A is true and R is the correct explanation of A.
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