Economics · Insurance

An insurance contract is based on several basic principles. Which of the following options does NOT represent a valid principle of insurance?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Principle of indemnity
2Principle of causa proxima (proximate cause)
3Principle of insurer interest✓
4Principle of utmost good faith

Correct answer

Principle of insurer interest

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An insurance contract is based on several basic principles. Which of the following options does NOT represent a valid principle of insurance?

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An insurance contract is based on several basic principles. Which of the following options does NOT represent a valid principle of insurance?

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