Business Studies, asked by shrikumarjayram, 2 months ago

What are the elements of life insurance

Answers

Answered by gargkhushi733

Answer:

Elements of Insurance Contract can be classified into two sections;

1) The elements of general contract and

2) The elements of special contract relating to insurance: the special contract of insurance involves principles: insurable interest, utmost good faith, indemnity, subrogation, warranties. Proximate cause, assignment, and nomination, the return of premium.

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