The principle that applies when Greene and Sunwar Insurance Companies jointly indemnified Fatou for the destruction of her<br/>storey building by fire is
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Correct Answer: Option A
Explanation:
The principle of contribution applies when the same risk is insured with more than one insurance company. When a loss occurs, the insurers share the responsibility for indemnifying the insured according to the terms of their respective policies.
The principle of contribution applies when the same risk is insured with more than one insurance company. When a loss occurs, the insurers share the responsibility for indemnifying the insured according to the terms of their respective policies.