Accountancy, asked by gopikaagm, 29 days ago

the interest which the insured has in the subject matter of insurance is called

Answers

Answered by nithiabhi1227
0

Answer:

Principle of Insurable Interest:- According to this principle, the insured must have an insurable interest in the subject matter of the insurance policy. Without the interest, taking an insurance policy is considered a gamble (fraudulent activity), which the law does not permit.

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