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What are the 7 principle of insurance?

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What are the 7 principle of insurance?

I'm obligated to ask this question of Insurance

The question was asked in final exam.

Other related questions to my question are:-

What are the 7 principle of insurance?

What are the principles of insurance?

What is the most important principle of insurance?

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Right 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 is There are seven basic principles applicable to insurance contracts relevant to personal injury and car accident cases:

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