Florida Insurance Licensing Practice Exam

Who does NOT have 'insurable interest' in the described property?

1. The one who holds title to the property

2. One who inherits title to property under the terms of a will

3. One who attends a Mary Kay party at a friend's property

4. A bank who holds a mortgage on a described property

The correct answer is: One who attends a Mary Kay party at a friend's property

Insurable interest refers to having a financial or legal stake in the property in question. While all other options have some form of connection to the property, attending a party at a friend's property does not establish that kind of interest. A person attending a party does not hold legal or financial ownership of the property or its contents.