Question

what is the fundamental principle of insurance​

Answer 1

Answer:

The fundamental principle is that both the parties in an insurance contract should act in good faith towards each other, i.e. they must provide clear and concise information related to the terms and conditions of the contract.

Explanation:

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Answer 2

Answer:

$\huge\boxed{\fcolorbox{pink}{cyan}{❥Qᴜᴇsᴛɪᴏɴ}}$

The fundamental principle is that both the parties in an insurance contract should act in good faith towards each other, i.e. they must provide clear and concise information related to the terms and conditions of the contract.

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