………..principle in insurance mention the cause of loss must be direct and an insured one in order to claim for compensation.

Related MCQs

• ………… principle in insurance mention the assured must have insurable interest in the life or property insured.
• The purpose of ………. Are to hold the negligent person responsible for the loss and prevent the insured from collecting twice for the same loss.
• …………….principle means that the insured is not entitled to make a profit on his loss.
• _____________ are independent professionals appointed by an insurance company to assess the loss or damage on a claim under a policy.
• …………are independent professionals appointed by an insurance company to assess the loss or damage when a claim is notifed under a policy issued by them.
• __________ refers to the right of an insurer to refuse admittance of the claim by the insured.
• Under ________ insurance, loss of profit policy is called as consequential loss policy
• Insurable interest must be present in an ________ insurance contract at the time of contract and at the time of loss.
• In India ……….controls and regulate the rates, advantages , terms and conditions that may be offered by insures in respect of general insurance business relating to marine (hull) ,motor ,engineering and workmen compensation.
• The principle of _____________ ensures that an insured does not profit by insuring with multiple insurers