Multiple choice

Which of the following denotes insurance of the same subject matter with two different companies or with the same company under two different policies?

  1. Nature of contract

  2. Principle of subrogation

  3. Double insurance

  4. Principle of proximate cause

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

Double insurance denotes insurance of the same subject matter with two different companies or with the same company under two different policies. Insurance is possible in case of indemnity contract like fire, marine and property insurances.