A. Utmost Good Faith
B. Principle of Contribution
See Also
Types Of Property Insurance For Your HomeReal Property | Insurance Dictionary - Insuropedia by LemonadeWhich of the following is not a of insurance?Risk sharingAssist in capital formationLending of fundsNone of the aboveWhat is property and casualty insurance | P&C Explained By LemonadeC. Maximization of Profit
D. Causa Proxima
Answer: Option C
Solution(By Examveda Team)
Maximization of Profit is not the principle of insurance. There are seven basic principles that create an insurance contract between the insured and the insurer: Utmost Good Faith, Insurable Interest, Proximate Cause, Indemnity, Subrogation, Contribution and Loss Minimization.
