The principle of _____________ ensures that an insured does not profit by insuring with multiple insurers

Related MCQs

• __________ means insuring a risk with two or more insurers and the total sum insured also exceeds the actual value of the subject matter.
• …………….principle means that the insured is not entitled to make a profit on his loss.
• ________ means insuring again.
• ………….is an amount in excess of the value of insurers assets over the amount of liabilities.This amount is prescribed by IRDA.
• ………..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.
• When the same risk and subject matter is insured with more than one insurer is known as
• Which clause specifies the perils insured in a scheduled form of policy?
• The purpose of ………. Are to hold the negligent person responsible for the loss and prevent the insured from collecting twice for the same loss.
• To provide the insured a speedy and inexpensive grievance redressal system ,the Govt.of India promulgated…………