Question

Q.4. Name the principle of insurance for each of the following statements: (a) The insured is expected to disclose all the important facts related to the property insured. (b) Insured must have some economic interest in the subject matter of Insurance contract. (c) To claim for insurance the insured must take reasonable steps to minimize the loss. (d) Insured is entitled to recover the loss suffered by him, up to the limit of policy amount.​

Answer 1

Explanation:

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