Which of the following is not a principle of insurance?
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Correct Answer: Option A
Explanation:
Insurable risk is not one of the fundamental principles of insurance listed in the question. Insurable interest, indemnity, and subrogation are recognized principles that guide insurance contracts and the settlement of claims.
Insurable risk is not one of the fundamental principles of insurance listed in the question. Insurable interest, indemnity, and subrogation are recognized principles that guide insurance contracts and the settlement of claims.