Which of the following is incorrect? a A person has an insurable interest in property whenever the destruction of the property will cause a direct monetary loss to that person. b To collect on life insurance, the beneficiary who obtained the policy must have had an insurable interest at the time the policy was obtained. c To collect on life insurance, the beneficiary who obtained the policy must have had an insurable interest at the time of the insured's death. d To collect on property insurance, the insured must have an insurable interest at the time the loss occurs.