Question

When does the Principle of Contribution apply in insurance contracts?

a.

It applies to all insurance policies, including life insurance.

b.

It only applies to indemnity policies, not life insurance.

c.

It applies when the policyholder files a claim.

d.

It applies to all types of insurance policies, regardless of indemnity.

Answer: (b).It only applies to indemnity policies, not life insurance. Explanation:The Principle of Contribution applies only to indemnity policies, not life insurance.

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Q. When does the Principle of Contribution apply in insurance contracts?

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