Assam ASSEB HS Class 11-12 Insurance Practice Questions - Assam State School Education Board (ASSEB AHSEC) Higher Secondary Insurance Examination Exam

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Which insurance principle ensures that the insured does not make a profit from a loss and is placed in the same financial position after a loss as immediately before it?

Principle of Indemnity Principle of Subrogation Principle of Insurable Interest Principle of Uberrimae Fides

Correct Answer:

Principle of Indemnity

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