C. Insurance Principles

Discover the Principle of Contribution in insurance, where multiple policies share coverage for the same loss. Learn how it affects claims settlement.

Discover the importance of Utmost Good Faith in insurance contracts. Learn about disclosure obligations and ensure fair insurance relationships.

Discover the principle of proximate cause in insurance, its role in determining coverage for losses, and its importance in identifying the immediate cause.

Discover the principle of indemnity in insurance, ensuring you’re fully covered and returned to your pre-loss financial position. Learn how it works.

Discover the definition, types, and examples of insurable interest. Learn why it’s crucial for insurance policies and how it protects against financial losses.

Understand Subrogation in insurance: its definition, principles, and implications. Learn how Subrogation protects both insurers and insured parties!