The seven principles of insurance are:
- 1.Principle of Utmost Good Faith (Uberrimae Fidei)
- 2.Principle of Insurable Interest
- 3.Principle of Indemnity
- 4.Principle of Contribution
- 5.Principle of Subrogation
- 6.Principle of Loss Minimization
- 7.Principle of Causa Proxima (Proximate Cause)
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