Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
insurable interest
A legal interest in another person's life or health or in the protection of property from injury, loss, destruction, or pecuniary damage. 0 To take out an insurance policy, a potential insured must have an insurable interest. If a policy does not have an insurable interest as its basis, it will usu. be considered a form of wagering and thus be held unenforceable. See wager policy under INSURANCE POLICY