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Question 1: Which of the following statements is true of a life insurance?
Option 1: The insurable interest need not exist at the time of insurance.
Option 2: The beneficiary and the insured cannot be the same person.
Option 3: The beneficiary and the insured must be bound by a relationship of blood.
Option 4: The insurable interest need not exist at the time of death.
journal entries for recording transactions of disposition and purchase of asset.on april 1 2007 gloria estefan company
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