which principal of insurence is not applicable on life onsurence? (a)principale of subrogation (b)principale of indemnity (c)principale of causa proima (d)principale of insurance interest.
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The principle of indemnity is not applicable in case of life insurance contracts, because it is not based on the principle of compensation. The loss of life cannot be compensated by any amount of money. Sometimes a property is insured with more than one company.
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