All the following are principles of insurance EXCEPT
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Correct Answer: Option B
Explanation:
Particular average is a type of loss associated with marine insurance and is not a general principle of insurance. Insurable interest, utmost good faith, and subrogation are recognized principles of insurance.
Particular average is a type of loss associated with marine insurance and is not a general principle of insurance. Insurable interest, utmost good faith, and subrogation are recognized principles of insurance.