What is Wager Policy?

                                                             

This is a kind of insurance policy in which the insured does not have an insurable interest in the subject matter of insurance and in which the underwriter dispenses with any proof of interest. It is not a valid policy in the eye of law. Another way Wager policy a policy that shows on the face of it that the contract it embodies is a pretended insurance, founded on an ideal risk, where the insured has no interest in anything insured.


Category and Tags
More stories by
Elon Musk's SpaceX is on track to launch its own 5G network

SpaceX|ReutersElon Musk's SpaceX has signed a deal to buy wireless spectrum from US telecoms firm Ecostar for around $17 billion. The company plans to use the spectrum to connect Starlink to satellite-based internet as well as mobile networks. This m

Why Investing in Vietnam Might Be Beneficial for China?

Vietnam in recent years has become one of Southeast Asia’s most vibrant economies. For China, which is already such a dominant force in global trade and manufacturing, Vietnam offe...

Jack Dorsey, a co-founder of Twitter, unveils Bitchat, a messaging program that functions without an internet connection

Jack Dorsey introduces Bitchat, a Bluetooth messaging application that allows iPhone users to talk securely and decentralizedly without the need for an internet connection.Jack Dorsey, one of the co-founders of Twitt...

India Bans Land Import of Bangladesh's Jute, Yarn

India has recently banned the importation of some woven articles and jute products from Bangladesh via land ports. However, in a notification, the Directorate General of Foreign Trade stated that the articles can be ...

Follow Business Habit on Facebook, Twitter