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What are the five principles of insurance?

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What are the five principles of insurance?

Query is from Insurance subject

I have been asked this question during an interview for a job.

Other related questions to my question are:

What are 5 principles of insurance?

What are the principles of insurance?

What are the principles of insurance explain with brief examples?

What is the most important principle of insurance?

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Right answer is: - Indemnity.   

- Contribution.   

- Insurable Interest.   

- Subrogation.   

- Loss Minimization.   

- Proximate Cause.   

- Utmost Good Faith.   

- Get Legal Help with Insurance Contracts.

The title of my answer is Principles of Insurance

The heading of my answer can be Read on to learn about the principles of insurance contracts.

The reference of my answer is FindLaw

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