Q. If Mr. Srinivas has insured his house with two insurance companies for the full value of Rs. 12 lakhs each and suffers a fire loss of Rs. 3 lakhs, how much can he claim from each of the insurers under the Principle of Contribution?

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

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Q. What is the principle of 'Contribution' in insurance?

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Q. When does subrogation typically occur in insurance contracts?

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Q. How does subrogation prevent the insured from collecting more than the loss?

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Q. When does subrogation occur in insurance contracts?

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Q. What is subrogation in the context of insurance?

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Q. What is "underinsurance" in the context of non-life insurance?

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Q. In what situation is the 'Agreed Value' principle adopted in insurance?

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Q. Which of the following is an example of the Principle of Indemnity in action?

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Q. How does the insurance company determine the indemnity to be paid under the Principle of Indemnity?

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Q. What is the primary principle behind the Principle of Indemnity in non-life insurance policies?

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Q. Mr. Pinto contracted pneumonia as a result of lying on wet ground after a horse riding accident. The pneumonia resulted in death of Mr. Pinto. What is the proximate cause of the death?

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Q. What are some examples of losses that may be paid by business under fire insurance policies but cannot be considered proximately caused by fire?

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Q. In what situations does the principle of proximate cause become applicable in insurance?

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Q. What is the definition of proximate cause?

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Q. What is proximate cause in insurance and how does it apply to non-life insurance claims?

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Q. In which types of insurance should insurable interest be present both at the time of taking the policy and at the time of loss?

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Q. When must insurable interest be present in marine cargo insurance?

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Q. In general insurance, when should insurable interest be present?

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