Chinese Insurance Contracts: Law and Practice
| Chinese Insurance Contracts: Law and Practice, 2nd edition (c) 2026 |
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CHAPTER 7
Insurable interest
7.1 Introduction
An insurable interest is a basic requirement of a contract of insurance. The fundamental justifications for the requirement of an insurable interest are to discourage gaming and wagering in the guise of insurance and to minimise the risk of destruction by the insured of the subject matter of the insurance.