Question

What are the principles of insurance explain with brief examples?

My doubt is from Insurance topic

This question was posed to me in an international level competition.

Other related questions to my question are:

What are the principles of insurance explain with brief examples?

What are the principles of insurance?

What is insurance explain the principles of insurance Shaalaa?

Answer 1

Correct answer for this question is: In the insurance world there are six basic principles that must be met, ie insurable interest, Utmost good faith, proximate cause, indemnity, subrogation and contribution. The right to insure arising out of a financial relationship, between the insured to the insured and legally recognized.

The title of my answer can be Principles of Insurance

 You can read more about by answer on Asuransi Pan Pacific Insurance