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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