A partner who has advanced the capital of the business has an insurable interest in the life of his partner.
insurable interest can only be described, it cannot exactly be defined.
The values of objects insured under open or unvalued policies are the insurable values given above.
Some things have been decided by the courts to constitute an insurable interest.
An assignment to one who has an insurable interest as relative, creditor and the like, is always valid.
Either this, or a legal claim, are absolutely necessary to establish an insurable interest in a ship or cargo.
It is well settled that a creditor has an insurable interest in the life of his debtor.
Likewise a man and a woman who are engaged to be married; and a creditor has an insurable interest in the life of his debtor.
"No man's life is insurable in these troublesome times, with our troops right now down in Mexico," a suave Southern trader urged.