(a) Explain the following concepts as used in insurance: (i) subject matter of insurance (ii) subject matter of contract. (b) State when a policy holder is ...

(a) Explain the following concepts as used in insurance:
(i) subject matter of insurance
(ii) subject matter of contract.

(b) State when a policy holder is expected to prove his insurable interest in the following classes of insurance:
(i) Burglary insurance
(ii) Marine insurance
(iii) Life assurance.