Business Studies, asked by keerti75, 7 months ago

what is the concept of principle of contribution​

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Answered by Anonymous
4

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The Principle of Contribution

Contribution establishes a corollary among all the insurance contracts involved in an incident or with the same subject. Contribution allows for the insured to claim indemnity to the extent of actual loss from all the insurance contracts involved in his or her claim.

Answered by rakeshlic1236
0

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