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      Question

      Which among the following principle states about the

      Individual who should be benefitted from the insured item?
      A Principle of subrogation Correct Answer Incorrect Answer
      B Principle of loss minimization Correct Answer Incorrect Answer
      C Principle of Insurable Interest Correct Answer Incorrect Answer
      D Principle of Contribution Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      It is the interest that a person has in the property or life that is being insured. 

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