Correct Answer: Option A

Explanation

7 principles of insurance are Nature of contract, Principal of utmost good faith, Principle of Insurable interest, Principle of indemnity, Principal of subrogation, Double insurance and Principle of proximate cause

Proximate cause is a key principle of insurance and is concerned with how the loss or damage actually occurred and whether it is indeed as a result of an insured peril.

• what is warehousing? Answer this

  0 Answers   ·   Commerce   ·   2 minutes ago
• theory and obj ans for waec 2024? Answer this

  1 Answers   ·   22 minutes ago
• Is NECO syllables out? Answer this

  0 Answers   ·   5 minutes ago