Question

Q 14 The contract of insurance is not for profit making. Which principle status that (b) Mitigation. (a) Subrogation. (d) Indemnity (ef Contr

ution


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Answer 1

Answer:

. (d) Indemnity...

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Answer 2

Answer:In the insurance world there are six basic principles that must be met, ie insurable interest, Utmost good faith, proximate cause, indemnity, subrogation and contribution. The right to insure arising out of a financial relationship, between the insured to the insured and legally recognized.

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