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प्रश्न
Uberimmae fidae, the principle of insurance means ______.
पर्याय
Utmost good faith
Contribution
Subrogation
Mitigation of loss
उत्तर
Uberimmae fidae, the principle of insurance means utmost good faith.
APPEARS IN
संबंधित प्रश्न
______ means a promise to compensate in case of loss.
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.
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?
Explain 'contribution' as a principle of insurance.
Briefly explain the principle of Utmost good faith of insurance?
"Principle of contribution is a corollary to the principle of indemnity." Comment.
Is insurable interest necessary in all insurance contracts?
