Multiple choice

Which of the following principles of insurance is an extension and another corollary of the principle of indemnity and applies to all contracts of indemnity?

  1. Principle of causa proxima

  2. Principle of subrogation

  3. Principle of loss minimisation

  4. Principle of uberrima fides

  5. Principle of insurable interest

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Principle of subrogation is an extension and another corollary of the principle of indemnity. It also applies to all contracts of indemnity.