SECTION D
Q31. Ramesh gets his factory insured against fire of 310lakhs with insurer 'A' and lakhs with insurer 'B
Ramesh's factory is caught by fire and suffered a loss of 35lakhs.
(a) Name and explain the principle of insurance highlighted in the above case.
(b) How much compensation can be claimed from A' and 'B' separately and why? Show calculations.
(C) The residues of the factory were sold for 30,000. Who will rightly avail the amount? Show calculations
(d) Name and explain the principle of insurance identified in part (c) above.
OR
accident and
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