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  Which of the following statements regarding insurable interest is incorrect?

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  b) The property, rights, interest or potential liability must be the subject matter of the insurance.

  c) The insured must not stand in a relationship, recognized by law, with the subject matter of the insurance.

  d) The proposer must benefit from the continued existence of the subject matter of the contract or be prejudiced by its loss.

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  CMFAS M3 Exam Question:

  An individual who is engaged in central dealing for funds managed by related entities of a Licensed Fund Managed Company (LFMC) can be any of the following types of representatives except:

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  M6A (Set 1)

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  CMFAS M6A Exam Question:

  Which of the following types of orders is filled immediately at the best possible price?

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  CGI Set A

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  ComGI Exam Question:

  If a motor vehicle cannot be restored to a safe pre-accident condition and the total repair costs exceeds the Economic Repair Value, the insurer will have the option to settle the claim on a:

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  b) Repair Discharge Basis

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  d) Damage Limit of Indemnity Basis