All the following are principles of insurance EXCEPT
-
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