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Chapter 2: Basic Principles of Insurance

This class was created by Brainscape user andres pujazon. Visit their profile to learn more about the creator.

By: andres pujazon
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Decks in this class (7)

Six Basic Principles of Insurance
What are the six basic principles...
1  cards
Utmost Good Faith
Explain what is utmost good faith,
What are the four stages in discl...,
How does utmost good faith apply ...
12  cards
Insurable Interest
What is insurable interest,
What is considered to have an ins...,
What is the subject matter of ins...
10  cards
Indemnity
What is the term indemnity,
What are the principles of indemnity
2  cards
Subrogation
What is the term subrogation,
What are the principles of subrog...,
How may subrogation arise
3  cards
Contribution
What is the principle of contribu...,
Why was the term corollary of ind...,
List the following conditions tha...
5  cards
Proximate Cause
What is the term proximate cause,
What is the classic definition in...,
What is the operation of a single...
8  cards

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Chapter 2: Basic Principles of Insurance

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