The insurable interest of a mortgagor in the mortgage’s life is equa – McqOptions

MCQOPTIONS

1.	The insurable interest of a mortgagor in the mortgage’s life is equal to the amount of
A.	riginal loan
B.	utstanding loan plus interest
C.	utstanding loan
D.	nstallment due to be repaid within the next one year
Answer» B. utstanding loan plus interest

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