Question

Which principle is an integral part of the reinsurance contract?

a.

Principle of utmost good faith

b.

Principle of insurable interest

c.

Principle of indemnity

d.

Principle of disclosure

Answer: (c).Principle of indemnity Explanation:The principle of indemnity is an integral part of the reinsurance contract, regardless of whether the original contract has a pure indemnity.

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Q. Which principle is an integral part of the reinsurance contract?

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