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Yes, that's exactly why you can't insure a 3rd party's house or life.
by josu 9y ago
Yes, that's exactly why you can't insure a 3rd party's house or life.
- klipt 9y agoI guess insurance is more regulated. But maybe you can get a CDS on someone's house burning down?
- kchoudhu 9y agoMortgage default swaps (and other asset backed default swaps) are exactly this.
- jessaustin 9y agoAll life insurance is in a sense third-party?
- deleted 9y ago[deleted]
- leonroy 9y agoEmployer's can take out life insurance on an employee (provided consent is given). Wondering if there are exceptions to this rule?
- Kalium 9y agoI think it's about not creating adverse interests. Generally, a company is much more interested in a living employee than they are the payout from one dying.