In the case when third-party ownership is included so the applicants are treated as the beneficiary and then needed to have an insurable interest.
The information regarding the third-party ownership should involve the following things:
- It refers to the situation where the third party should invest in the economic rights for receiving the share of any type of future transfer.
- And at the time when the third party is treated as the beneficiary so it should have an insurable interest in the upcoming insured.
So, the other options are incorrect.
Therefore we can conclude that In the case when third-party ownership is included so the applicants are treated as the beneficiary and then needed to have an insurable interest.
Learn more about the insurance here: brainly.com/question/13293881
