Question

what are the prinicipal of insurance? ​

Answer 1

Answer:

The 7 Principles of Insurance Contracts: When You Need A Lawyer

Utmost Good Faith.

Insurable Interest.

Proximate Cause.

Indemnity.

Subrogation.

Contribution.

Loss Minimization.

Answer 2

Answer:

7 Principles of Insurance :

The seven principles of insurance are:-

Principle of Uberrimae Fidei (Utmost Good Faith),

Principle of Insurable Interest,

Principle of Indemnity,

Principle of Contribution,

Principle of Subrogation,

Principle of Loss Minimization, and

Principle of Causa Proxima (Nearest Cause).