Header Ads Widget

What are the 7 principles of insurance?

What are the 7 principles of insurance?

The seven principles of insurance are:

  1. 1.Principle of Utmost Good Faith (Uberrimae Fidei)

  2. 2.Principle of Insurable Interest

  3. 3.Principle of Indemnity

  4. 4.Principle of Contribution

  5. 5.Principle of Subrogation

  6. 6.Principle of Loss Minimization

  7. 7.Principle of Causa Proxima (Proximate Cause)

Post a Comment

0 Comments