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प्रश्न
Assertion: The concept of insurable interest is fundamental to all insurance contracts.
Reasoning: It ensures that the insured has a legitimate financial interest in the subject matter insured.
विकल्प
A is true and R is the correct explanation of A.
A is true, but R is not the correct explanation of A.
A is true, but R is false.
A is false, but R is true.
उत्तर
A is true and R is the correct explanation of A.
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संबंधित प्रश्न
Choose the Correct Answer.
The basic principle of insurance is ________
______ means a promise to compensate in case of loss.
The insurer is liable for insured perils only and not for unexpected uninsured ones. This is the principle of ______.
Identify the principle of insurance based on the given information.
- The insured must be benefitted by the existence of the insured object and must suffer a loss by its destruction.
- It is the financial interest of the insured in the subject matter of insurance.
Explain in brief the Principle of Subrogation.
"The insurer undertakes to put the insured, in the event of loss, in the same position that he occupied before the event." Which principle of insurance is referred to in this statement?
What is insurable interest?
Explain 'contribution' as a principle of insurance.
Distinguish between Principle of Indemnity and the Principle of Insurable Interest.
Is insurable interest necessary in all insurance contracts?
