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Business Services-1 — OCM STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceOCMBusiness Services-12 Marks
Question
State the principle of insurance .
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Answer

  • Following principle are applicable to insure contract.
  • Principle of Utmost Good Faith.
  • Principle of Indemnity.
  • Principle of Insurance Interest.
  • Principle of Sabrogation .

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