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GCE Commerce 1989 Question 97

Question 97

Insurance

Which of the following is an insurance principle?

  1. A.Endowment
  2. B.Premium
  3. C.Proximate cause
  4. D.Fidelity guarantee
  5. E.Surrender value
Show the answer and explanation

Answer: C (Proximate cause)

Explanation

Proximate cause is one of the principles of insurance, with utmost good faith, insurable interest, indemnity, contribution and subrogation.