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    Question

    Which among the following principle states about the Individual who should be benefitted from the insured item?

    A Principle of subrogation Correct Answer Incorrect Answer
    B Principle of loss minimization Correct Answer Incorrect Answer
    C Principle of Insurable Interest Correct Answer Incorrect Answer
    D Principle of Contribution Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    It is the interest that a person has in the property or life that is being insured. 

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