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प्रश्न
Choose the Correct Answer.
The basic principle of insurance is ________
विकल्प
Insurable Interest
Co-Operation
Subrogation
Proximate causa
उत्तर
The basic principle of insurance is Insurable Interest.
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संबंधित प्रश्न
Explain the principles of insurance.
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.
Explain in brief the Principle of Subrogation.
Name the principle of insurance under which the insurer stands in place of the insured after settlement of claim in relation to the insured property.
"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?
Briefly explain the principle of Utmost good faith of insurance?
Distinguish between Principle of Indemnity and the Principle of Insurable Interest.
"Insurance is a contract of indemnity." Explain.
Is insurable interest necessary in all insurance contracts?
