Mr. Rajiv took an Insurance Policy against his car and after three months he soid it to
Mr. Kallash. The car was stolen from outside of Mr. Kailash's house . Mr. Rajiv made a claim to
Insurance company . His calaim wa rejected on the ground that Mr. Rajiv was no longer owner
of the car, so he has no insurable Interset and he has no financial loss of the car.
(a) What does 'Principle of Insurable Interest state' ?
(b) Was Mr. Rajiv right in making claim ?
(c) Who should get the compensation ?