All the following are principles of insurance EXCEPT

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Commerce NECO 2000

All the following are principles of insurance EXCEPT

  • indemnity
  • insurable interest
  • particular average checkmark
  • subrogation
  • utmost good faith

The correct answer is: C

Explanation

7 Principles of Insurance

  1. Utmost Good Faith
  2. Insurable Interest
  3. Proximate Cause
  4. Indemnity
  5. Subrogation
  6. Contribution
  7. Loss Minimization
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