Explain the following principles of insurance with examples:
(a) Utmost good faith
(b) Insurable interest
(c) Indemnity
(d) Subrogation
Answers
Answered by
1
Answer:
Insurable interest
Explanation:
hope it helps you
please mark me as brainliest and follow
me
Answered by
0
Answer:
a- Utmost good faith
Explanation:
Utmost good faith both the insurer and the insured should have faith in each other and in the contract signed by them.
Example- Rahul,if he is a heart patient should inform his insurance company about his health issues while buying a life insurance policy.
Similar questions