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Personal Financial Planning
10. CHAPTER 8: AN INTRODUCTION TO INSURANCE AND RISK MANAGEMENT/Legal Principles of Insurance Contract
10. CHAPTER 8: AN INTRODUCTION TO INSURANCE AND RISK MANAGEMENT Illustration
Syllabus Slides

Legal Principles of Insurance Contract

01.Core Concepts

• Principle of indemnity • Subrogation clause • Principle of insurable interest • Principle of utmost good faith • Warranty • Representation • Concealment