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Principle of insurance

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Principle of insurance
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Yaser Siddiquee 5 years, 9 months ago

The seven principles of insurance are :- 1.Principle of Uberrimae fidei (Utmost Good Faith), 2.Principle of Insurable Interest, 3.Principle of Indemnity, 4.Principle of Contribution, 5.Principle of Subrogation, 6.Principle of Loss Minimization, and 7.Principle of Causa Proxima (Nearest Cause).
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