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PRINCIPLES OF INSURANCE

CIA

7 PRINCIPLES
Seven Principles of Insurance With ExamplesThe seven principles of insurance are :-Principle of Uberrimae fidei (Utmost Good Faith),Principle of Insurable Interest,Principle of Indemnity,Principle of Contribution,Principle of Subrogation,Principle of Loss Minimization, andPrinciple of Causa Proxima (Nearest Cause).

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