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प्रश्न
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.
विकल्प
Indemnity
Insurable interest
Utmost good faith
Mitigation of loss
उत्तर
Insurable interest
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संबंधित प्रश्न
Choose the Correct Answer.
The basic principle of insurance is ________
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.
Uberimmae fidae, the principle of insurance means ______.
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.
"Principle of contribution is a corollary to the principle of indemnity." Comment.
Is insurable interest necessary in all insurance contracts?
