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insurable interest

   Also found in: Legal, Financial, Wikipedia 0.01 sec.
insurable interest
n
(Law) Law a financial or other interest in the life or property covered by an insurance contract, without which the contract cannot be enforced
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.insurable interest - an interest in a person or thing that will support the issuance of an insurance policy; an interest in the survival of the insured or in the preservation of the thing that is insured
stake, interest - (law) a right or legal share of something; a financial involvement with something; "they have interests all over the world"; "a stake in the company's future"


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? Mentioned in ? References in periodicals archive
 
Fearing the loss of favorable tax treatment and the undermining of insurable interest laws, life insurers are supporting an effort to put the reins on speculative life settlement transactions.
Life insurers seek to rein in life settlements by Barrett, Eleanor / Best's Review
Each one depends on whether an insurable interest exists" Panik says.
Two for the money by Banham, Russ / Journal of Accountancy
We were fortunate in being a large Michigan employer, because Michigan was one of the first states to codify the idea that a VEBA trust has an insurable interest in its employees.
Should you fund your retirees' health care? by Darling, Neil G. / Financial Executive
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