Question
a.
It ensures that the insured also contributes a certain portion of the claim along with the insurer
b.
It ensures that all the insured who are a part of the pool, contribute to the claim made by a participant of the pool, in the proportion of the premium paid by them
c.
It ensures that multiple insurers covering the same subject matter; come together and contribute the claim amount in proportion to their exposure to the subject matter
d.
It ensures that the premium is contributed by the insured in equal instalments over the year.
Posted under IC38 Life Insurance Agent Exam
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Q. What is the significance of the principle of contribution?
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