Principles of Insurance
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Principles of Insurance
Welcome to the Introduction to Insurance Principles There are some basic principles that govern the conduct of insurance. We are going to look at each of them briefly.. The principles of insurance are: 1. Indemnity 2. Average 3. Subrogation 4. Proximate Cause 5. Contribution 6. Utmost good faith 7. Insurable interest Let’s start with ...
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