Concept:Insurable interest means the insured must have a financial stake in the subject matter, so a loss causes direct financial suffering.Explanation:This principle requires that the person buying insurance would face a financial loss if the insured item is damaged or lost.Proximate cause refers to the nearest cause of the loss.Indemnity ensures compensation does not exceed the actual loss suffered.Subrogation allows the insurer to take over the insured’s rights after paying a claim.Only insurable interest directly states that a person must be in a position to suffer financially in the event of a loss.Answer:C. Insurable interest