Correct Answer: Option A

Explanation

The principles of insurance include indemnity, subrogation, insurable interest, utmost good faith, proximate cause, and
contribution. However, 'Insurable risk' is not a principle of insurance. It is a term used to describe a risk that meets the ideal
criteria for efficient insurance. The risk must be definable, financially measurable, and non-catastrophic, allowing the insurer to
charge a reasonable premium.

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