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Which principles of insurance are applicable to life insurance?

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Which principles of insurance are applicable to life insurance?

This key question is from Insurance topic

The question was asked in homework.

Other related questions to my question are:-

Which principles of insurance are applicable to life insurance?

What are the principles of insurance which are not applicable for life insurance?

What are the 7 principles of insurance?

Which principle insurance that an insured does not profit by insuring with multiple insurance?

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Best answer
The correct answer is: - Utmost Good Faith.

- Insurable Interest.

- Proximate Cause.

- Indemnity.

- Subrogation.

- Contribution.

- Loss Minimization.

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

The heading of my answer can be There are seven basic principles applicable to insurance contracts relevant to personal injury and car accident cases:

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