PRINCIPLES OF INSURANCE

PRINCIPLES OF INSURANCE

      1.PRINCIPLE OF UTMOST GOOD FAITH

      2.PRINCIPLE OF INSURABLE INTEREST 

      3.PRINCIPLE OF INDEMNITY

      4.PRINCIPLE OF  DOCTRINE OF SUBROGATION

      5.PRINCIPLE OF PROXIMATE CAUSE OR CAUSE OF                  PROXIMA

      6.PRINCIPLE OF CONTRIBUTION

      7.PRINCIPLE OF LOSS MINIMIZATION