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प्रश्न
The insurer is liable for insured perils only and not for unexpected uninsured ones. This is the principle of ______.
पर्याय
Indemnity
Utmost good faith
Subrogation
Causa Proxima
उत्तर
The insurer is liable for insured perils only, not unexpected uninsured ones. This is the principle of Causa Proxima.
Explanation:
The doctrine of 'proximate cause' runs as 'causa proxima non-remota spectator', i.e., only immediate cause and not the remote cause is to be taken notice of, while determining the insurers' liability. It is not the latest but the direct, dominant and operative cause that shall be considered.
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संबंधित प्रश्न
Choose the Correct Answer.
The basic principle of insurance is ________
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.
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?
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.
