Insurable interest does NOT exist between which of the following pairs?

Insurable interest refers to the legal right to insure an object, person, or event based on a stake in the outcome that ensures you will suffer a financial loss if the object or person were harmed or destroyed. It is a fundamental principle in insurance law that helps ensure that insurance contracts are not used for gambling purposes but are instead based on legitimate interests.

In the context of the provided options, two unrelated neighbors typically do not have an insurable interest in each other's lives or property. They do not share a financial stake or obligation towards each other that would create a scenario where one would suffer a loss from the other's death or property loss. Hence, insurers usually do not recognize any insurable interest between two unrelated neighbors.

In contrast, a mother and child, business partners, and spouses all have recognized insurable interests. A mother has an insurable interest in her child due to the emotional and financial implications of the child's well-being. Business partners are financially dependent on each other’s success and thus have a significant insurable interest in their partnership. Similarly, spouses often have a financial interdependence that creates an insurable interest in one another, as the loss or harm to a spouse can lead to significant financial consequences.

Understanding these relationships is crucial to grasp