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All the following are principles of insurance EXCEPT

All the following are principles of insurance EXCEPT
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Indemnity
  • B Insurable interest
  • C Particular average
  • D Subrogation
  • E Utmost good faith
Correct Answer: Option C
Explanation:
7 Principles of Insurance

Utmost Good Faith
Insurable Interest
Proximate Cause
Indemnity
Subrogation
Contribution
Loss Minimization

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