The examples of insurable interest is an employer under certain arrangements.
Insurable interest is a investment that protects anything subject to a financial loss. A person or entity has an insurable interest in an item, event, or action when the damage or loss of the object would cause a financial loss or other hardshapes. In order to have an insurable interest a person or entity would take out an insurance policy protecting the person,item, or event in question. The insurance policy is able to mitigate the risk of loss if something happens to the asset-like becoming damaged or lost.
Examples of insurable interest are:
- Yourself
- Your spouse or former spouse
- Your children or grandchildren
- A special needs adult child
- An aging parent
- An employer (under arrangements)
Hence the examples of insurable interest is an employer under certain arrangements.
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Answer: X=2
2x plus 2x plus 3x equals 7x and then you add the +5 which means you now have 7x+5=6x+7 which you then solve from there by subtracting the 6x from the left side. You then get x+5=7 meaning x=2.
