The bank may require borrowers to have a Life Insurance policy to secure a loan in the event of the borrowers death. Which provision gives the bank proportional protection but not control of the policy?

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Prepare for the Louisiana Series 101 Life Insurance Exam with multiple choice questions and detailed explanations. Enhance your knowledge and succeed in your licensing exam!

Multiple Choice

The bank may require borrowers to have a Life Insurance policy to secure a loan in the event of the borrowers death. Which provision gives the bank proportional protection but not control of the policy?

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