The principle of indemnity is not applicable to

Related MCQs

• Which of the following insurance contract is not based on the principle of indemnity.
• ________ means the transfer of all the rights and remedies available to the insured in respect of the subject matter to the insurer after indemnity has been effected.
• The principle of _____________ ensures that an insured does not profit by insuring with multiple insurers
• …………….principle means that the insured is not entitled to make a profit on his loss.
• The principle of average applies when the value is _____________ in the proposal
• ……… principle in insurance means maximum truth.
• Principle of utmost good faith is also known as ………..
• ………..principle in insurance mention the cause of loss must be direct and an insured one in order to claim for compensation.
• ………… principle in insurance mention the assured must have insurable interest in the life or property insured.
• Which of these persons will not be given a license to work as an insurance agent?