Download the app
educalingo
Search

Meaning of "insurable interest" in the English dictionary

Dictionary
DICTIONARY
section

PRONUNCIATION OF INSURABLE INTEREST

insurable interest play
facebooktwitterpinterestwhatsapp

GRAMMATICAL CATEGORY OF INSURABLE INTEREST

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Insurable interest is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES INSURABLE INTEREST MEAN IN ENGLISH?

Insurable interest

Insurable interest exists when an insured person derives a financial or other kind of benefit from the continuous existence of the insured object. A person has an insurable interest in something when loss-of or damage-to that thing would cause the person to suffer a financial loss or other kind of loss. Typically, insurable interest is established by ownership, possession, or direct relationship. For example, people have insurable interests in their own homes and vehicles, but not in their neighbors' homes and vehicles, and certainly not those of strangers. The "factual expectancy test" and "legal interest test" are the two major concepts of insurable interest.

Definition of insurable interest in the English dictionary

The definition of insurable interest in the dictionary is a financial or other interest in the life or property covered by an insurance contract, without which the contract cannot be enforced.

WORDS THAT BEGIN LIKE INSURABLE INTEREST

insurability
insurable
insurance
insurance adjuster
insurance agent
insurance broker
insurance certificate
insurance claim
insurance company
insurance policy
insurance premium
insurance scheme
insurance stamp
insurance underwriter
insurancer
insurant
insure
insured
insurer
insurgence

WORDS THAT END LIKE INSURABLE INTEREST

accrued interest
compound interest
controlling interest
declare an interest
disinterest
Everest
forest
high-interest
human interest
interest
life interest
merest
Mount Everest
noninterest
self-interest
simple interest
Site of Special Scientific Interest
uninterest
unity of interest
utterest
vested interest

Synonyms and antonyms of insurable interest in the English dictionary of synonyms

SYNONYMS

Translation of «insurable interest» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF INSURABLE INTEREST

Find out the translation of insurable interest to 25 languages with our English multilingual translator.
The translations of insurable interest from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «insurable interest» in English.

Translator English - Chinese

保险利益
1,325 millions of speakers

Translator English - Spanish

interés asegurable
570 millions of speakers

English

insurable interest
510 millions of speakers

Translator English - Hindi

बीमा ब्याज
380 millions of speakers
ar

Translator English - Arabic

المصلحة التأمينية
280 millions of speakers

Translator English - Russian

страховой интерес
278 millions of speakers

Translator English - Portuguese

interesse segurável
270 millions of speakers

Translator English - Bengali

বীমাযোগ্য স্বার্থ
260 millions of speakers

Translator English - French

intérêt assurable
220 millions of speakers

Translator English - Malay

Kepentingan yang boleh diinsuranskan
190 millions of speakers

Translator English - German

versicherbare Interessen
180 millions of speakers

Translator English - Japanese

被保険利益
130 millions of speakers

Translator English - Korean

보험 이익
85 millions of speakers

Translator English - Javanese

Kepentingan sing bisa diasuransiake
85 millions of speakers
vi

Translator English - Vietnamese

quyền lợi bảo hiểm
80 millions of speakers

Translator English - Tamil

காப்பீட்டு வட்டி
75 millions of speakers

Translator English - Marathi

विमायोग्य व्याज
75 millions of speakers

Translator English - Turkish

Sigorta edilemez faiz
70 millions of speakers

Translator English - Italian

interesse assicurabile
65 millions of speakers

Translator English - Polish

ubezpieczeniu zainteresowanie
50 millions of speakers

Translator English - Ukrainian

страховий інтерес
40 millions of speakers

Translator English - Romanian

interes asigurabil
30 millions of speakers
el

Translator English - Greek

ασφαλιστέου
15 millions of speakers
af

Translator English - Afrikaans

versekerbare belang
14 millions of speakers
sv

Translator English - Swedish

försäkringsbart intresse
10 millions of speakers
no

Translator English - Norwegian

forsikrings interesse
5 millions of speakers

Trends of use of insurable interest

TRENDS

TENDENCIES OF USE OF THE TERM «INSURABLE INTEREST»

The term «insurable interest» is normally little used and occupies the 109.513 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Little used
49
/100
The map shown above gives the frequency of use of the term «insurable interest» in the different countries.
Principal search tendencies and common uses of insurable interest
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «insurable interest».

FREQUENCY OF USE OF THE TERM «INSURABLE INTEREST» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «insurable interest» during the past 500 years. Its implementation is based on analysing how often the term «insurable interest» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about insurable interest

EXAMPLES

10 ENGLISH BOOKS RELATING TO «INSURABLE INTEREST»

Discover the use of insurable interest in the following bibliographical selection. Books relating to insurable interest and brief extracts from same to provide context of its use in English literature.
1
Policyholder's Guide to the Law of Insurance Coverage
The mortgagee has an insurable interest to the extent of the debt owed by the mortgagor.*4 Both a landlord and a tenant may have insurable interests in the same property. A lessee has an insurable interest in the leased premises, although ...
Peter J. Kalis, Thomas M. Reiter, James R. Segerdahl, 1997
2
Stempel on Insurance Contracts
[C] Recognizing Insurable Interest In effect, the insurable interest doctrine asks: • What is the policyholder's stake in the subject of the policy? • How attenuated is that interest to the probable cause and effect of loss? • How weighty is the interest  ...
Jeffrey W. Stempel, 2005
3
Cengage Advantage Books: Law for Business
To become a policyholder, one must have an insurable interest. An insurable interest means that the policyholder has an interest in the nonoccurrence of the risk insured against, usually because there would be financial loss. The insurance ...
John Ashcroft, Janet Ashcroft, 2010
4
Cases & Materials on Marine Insurance Law
This book provides a comprehensive collection of Cases and Materials On Marine Insurance Law.
Susan Hodges, 2012
5
Insurance Law and Practice
(3) Reduces unearned premium. (4) Provides protection against catastrophic losses. 4. Insurable Interest. 'Insurable interest' is an essential pre-requisite in effecting a contract of insurance. The insured must possess an insurable interest in the ...
C.L. Tyagi & Madhu Tyagi, Madhu Tyagi, 2007
6
Insurance Regulation in the United States: An Overview for ...
INSURABLE INTEREST: LIFE INSURANCE The doctrine of insurable interest is basically a common-law creation,14 but it is now frequently embodied in statutes, sometimes in an elaborated form. Most state laws expressly require the ...
Peter M. Lencsis, 1997
7
Policies and Perceptions of Insurance: An Introduction to ...
Insurable Interest: Why? If a person has decided that he wants a particular kind of insurance, the next question is whether the law allows him to have it at all. The law states that he must have an insurable interest: he must stand in the 'right kind  ...
Malcolm Alistair Clarke, 1997
8
Compendium of the Law of Insurance, Comprising Marine, Fire, ...
Insurable Interest. — Vide Interest. Insurance Broker. — Vide Broker. Insurance against Fire. — Vide Fire Insurance. Insurance upon Lives. — Vide Life Insurance . Interest (insurable). — In fire insurance there must be an interest in the subject, ...
Thomas S. Paton, 1862
9
The Code of Federal Regulations of the United States of America
(2) A consent (to an election not to provide a current spouse annuity in accordance with § 842.603(a)(1)) required by paragraph (c)(1) of this section to be eligible to be the beneficiary of an insurable interest rate is cancelled if— (i) The retiree ...
Office of the Federal Register (U.S.) Staff, 1997
10
Code of Federal Regulations: LSA, list of CFR sections affected
(4) If a retiree who had elected an insurable interest annuity to benefit a current spouse elects a fully reduced annuity to provide a current spouse annuity (or, with the consent of the current spouse, a partially reduced annuity to provide a ...
‎2004

10 NEWS ITEMS WHICH INCLUDE THE TERM «INSURABLE INTEREST»

Find out what the national and international press are talking about and how the term insurable interest is used in the context of the following news items.
1
Buy-Sell Arrangements and Irrevocable Insurance Trusts
One technical issue to consider is whether the irrevocable trust would have an insurable interest in the policy on Mr. Partner's life. Without an ... «The National Law Review, Jul 15»
2
Consumer Champion: Has your car insurance premium just gone up …
... allowing remedies for innocent errors by consumers and altering the concept of "insurable interest", or who can take out a policy on whom. «Herald, Jul 15»
3
Time insurers joined 21st Century
... allowing remedies for innocent errors by consumers and altering the concept of "insurable interest", or who can take out a policy on whom. «Herald, Jul 15»
4
পাকিস্তানে ঈদে মুক্তি পাচ্ছে না 'বজরঙ্গি ভাইজান'?
Insurers require that anyone buying the policy have an "insurable interest" in the person covered, meaning the buyer wants the person covered ... «সমকাল, Jul 15»
5
Baby We Were Born to Cite: The Influence of Bruce Springsteen on …
In a case that construed whether the value of 42,100 bags of coffee was an insurable interest, the court was inexplicably inspired by the Boss. «Texas Lawyer, Jul 15»
6
Consumers need new insurance legislation, report says
The commission also recommends the abolition of a requirement of a consumer to have an “insurable interest” in what is being insured, which ... «Irish Times, Jul 15»
7
Putting the spotlight on home insurance
Another implicit condition is that of insurable interest. You cannot insure the structure of a rented home—the landlord must do that. An insurer ... «Livemint, Jul 15»
8
Reinsurance update - June 2015
... other matters which the Law Commission has considered during its review (particularly matters relating to the concept of insurable interest). «Lexology, Jun 15»
9
Appellate Courts + STOLI = Mixed Results
The Eight Circuit, further predicted that, applying Minnesota common law, the Minnesota Supreme Court would find that the insurable interest ... «JD Supra, Jun 15»
10
Insurable interest: What affects you directly
The question then is what can we insure or not insure? This is where the principle of insurable interest in insurance practice comes into play. «Graphic Online, May 15»

REFERENCE
« EDUCALINGO. Insurable interest [online]. Available <https://educalingo.com/en/dic-en/insurable-interest>. May 2024 ».
Download the educalingo app
en
English dictionary
Discover all that is hidden in the words on
index
a b c d e f g h i j k l m n o p q r s t u v w x y z