Ask a Question

What is insurance what are the principles of insurance?

← Prev Question Next Question →
+1 vote
105 views
in Insurance by (82.5k points)
What is insurance what are the principles of insurance?

Question is taken from Insurance subject matter

This question was addressed to me during an interview.

Other related questions to my question are:

What is insurance and its principles?

What is called insurance?

What are the principles of insurance class 11?

What is the principal in insurance?

1 Answer

+1 vote
by (393k points)
selected by
 
Best answer
Correct answer is: Insurance contracts are created solely as a means to provide protection from unexpected events, not as a means to make a profit from a loss. Therefore, the insured is protected from losses by the principle of indemnity, but through stipulations that keep him or her from being able to scam and make a profit.

The title of my answer can be The 7 Principles of Insurance Contracts: When You Need A

Related questions

+1 vote
1 answer
What are the various principles of insurance discuss?
asked Feb 27, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
What is insurance and its principles?
asked Feb 27, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
What are the basic principles of insurance law?
asked Feb 27, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
What are the 5 principles of marine insurance?
asked Feb 27, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
What are 5 principles of insurance?
asked Feb 27, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
What are the 7 principles of insurance explain?
asked Feb 26, 2022 in Insurance by Jefem (82.5k points)
+1 vote
1 answer
What are the five principles of insurance?
asked Feb 26, 2022 in Insurance by Jefem (82.5k points)
Welcome to TalkJarvis QnA, a question-answer community website for the people by the people. On TalkJarvis QnA you can ask your doubts, curiosity, questions and whatever going in your mind either related to studies or others. Experts and people from different fields will answer.

Most popular tags

biology – class 12 biology – class 11 construction & building materials chemistry – class 12 electronic devices & circuits network theory data structures & algorithms ii cell biology ic engine insurance finance money computational fluid dynamics engineering physics i discrete mathematics chemistry – class 11 aerodynamics casting-forming-welding i engineering mathematics operating system casting-forming-welding ii engineering drawing mysql engineering geology digital circuits wireless mobile energy management electrical measurements digital communications cyber security analytical instrumentation embedded systems electric drives cytogenetics advanced machining computer fundamentals life sciences basic civil engineering iot design of electrical machines physics – class 12 applied chemistry dairy engineering basic chemical engineering cloud computing microprocessor bioinformatics aircraft design aircraft maintenance software engineering drug biotechnology digital signal processing biochemistry data structures & algorithms i automotive engine design avionics engineering material & metallurgy energy engineering cognitive radio unix electrical machines biomedical instrumentation object oriented programming electromagnetic theory power electronics analog communications bioprocess engineering civil engineering drawing engineering metrology physics – class 11 mathematics – class 12 engineering chemistry i basic electrical engineering unit processes mongodb signals and systems cryptograph & network security hadoop mathematics – class 11 engineering physics ii html control systems engineering mechanics antennas analog circuits computer network java sql server javascript concrete technology chemical process calculation artificial intelligence design of steel structures c++ database management computer architecture engineering chemistry ii corrosion engineering chemical technology dc machines
Powered by TalkJarvis
...