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प्रश्न
Uberimmae fidae, the principle of insurance means ______.
विकल्प
Utmost good faith
Contribution
Subrogation
Mitigation of loss
उत्तर
Uberimmae fidae, the principle of insurance means utmost good faith.
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संबंधित प्रश्न
Choose the Correct Answer.
The basic principle of insurance is ________
Explain the principles of insurance.
The insurer is liable for insured perils only and not for unexpected uninsured ones. This is the principle of ______.
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.
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.
"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.
"Insurance is a contract of indemnity." Explain.
"Principle of contribution is a corollary to the principle of indemnity." Comment.
