What is the basis of insurable interest between the applicant and the debtor?

1, the insurance company attaches great importance to the relationship between the applicant and the insured, and the insurance contract without insurance interest between them cannot be underwritten. The insurable interest between the applicant and the debtor is the creditor's right.

2. Due to the existence of creditor's rights, there is an insurance interest relationship between the creditor and the debtor, because whether the creditor's rights can be obtained on time is related to the health and life of the debtor. The insurance amount of the contract between the two parties is limited to the amount of creditor's rights, and some insurance companies will not pay for it. At the same time, documents proving the relationship between creditor's rights and debts, such as IOUs, should be provided when insuring.

3. Due to the existence of creditor's rights, there is an insurance interest relationship between the creditor and the debtor, because whether the creditor's rights can be obtained on time is related to the debtor's body and life.

4. Reminder: The amount of contract insurance concluded by both parties is limited to the amount of creditor's rights, and some insurance companies will not pay. At the same time, when applying for insurance, you should provide documents such as "IOUs" to prove the relationship between creditor's rights and debts.

Extended data

It means safe and reliable insurance; Later, it was extended to a guarantee mechanism, a tool for planning life finance, a basic means of risk management under the condition of market economy, and an important pillar of financial system and social security system.

Insurance refers to the commercial insurance behavior in which the applicant pays the insurance premium to the insurer according to the contract, and the insurer bears the responsibility of paying the insurance premium for the property losses caused by the possible accidents agreed in the contract, or when the insured dies, suffers from disability, illness or reaches the age and time limit agreed in the contract.

From the perspective of economics, insurance is a financial arrangement to share the loss of accidents; From the legal point of view, insurance is a contractual act, a contractual arrangement in which one party agrees to compensate the other party for losses; From a social point of view, insurance is an important part of the social and economic security system and a "subtle stabilizer" for social production and social life; From the perspective of risk management, insurance is a method of risk management.

(Refer to Baidu Encyclopedia Insurance)