Get premium membership and access questions with answers, video lessons as well as revision papers.

Describe five principles under which insurance practice is carried out in Kenya

      

Describe five principles under which insurance practice is carried out in Kenya

  

Answers


Isaac
Idemnity -reinstates,compensates the insured after the loss
Proximate cause-there should be a close relationship between the risk insured against the cause of the occurence
Sabrogation-after compensation thew insured takes over the right on the subject matter
Utmost good faith -insured must disclose all relevant facts concerning the subject matter being insured
Insurance interest -the insured must suffer financial loss incase of occerence
isaacmuthini answered the question on October 11, 2017 at 12:28


Next: Distinguish between an acid and a base
Previous: Describe the process of working with a computer scanner.

View More Business Studies Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions