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The principle of ______ is not applicable to life insurance. - Organisation of Commerce and Management

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Question

The principle of ______ is not applicable to life insurance.

Options

  • insurable interest 

  • utmost good faith

  • indemnity

MCQ
Fill in the Blanks

Solution

The principle of indemnity is not applicable to life insurance.

shaalaa.com
Business Services - Insurance
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Chapter 4: Business Services - EXERCISE [Page 90]

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SCERT Maharashtra Organisation of Commerce and Management (OCM) [English] 12 Standard HSC
Chapter 4 Business Services
Select the appropriate option | Q 3
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