The principle of average applies when the value is _____________ in the proposal

Related MCQs

• What is a proposal?
• The principle of indemnity is not applicable to
• The principle of _____________ ensures that an insured does not profit by insuring with multiple insurers
• ……… principle in insurance means maximum truth.
• Principle of utmost good faith is also known as ………..
• …………….principle means that the insured is not entitled to make a profit on his loss.
• ………..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 the following insurance contract is not based on the principle of indemnity.
• __________ means insuring a risk with two or more insurers and the total sum insured also exceeds the actual value of the subject matter.