In the world of insurance is be 6 kinds of elementary principle to be fulfilled, that is insurable interest, utmost good faith, proximate cause, indemnity, subjugation and contribution.
The right to insure, arising out from a finance relation, among the insureds with insured and confessed judicially.
An action to lay open in accurate figure and complete, all the is facts of material (material fact) concerning something that will be insured by them the good asked and don't. Mean is : the underwriter have to admittedly explain clearly everything concerning broadness term from insurance and the the insured also have to give correct and clear description to the object or underwritten importance.
This is an active cause, efficient which generate enchain the occurrence generate an effect without existence of intervention the starting and active from independent and new source.
A mechanism where underwriter provide the compensation financial in the effort its place the insured in the financial position he have momentary before the happening of loss (KUHD section of 252, 253 and assured in section of 278).
Transferring rights claim from the insured to underwriter after claim paid.
Beside this mean underwriter rights to invite the other underwriter which both of the same accounting, but don't have to is same of his obligation to the insured to follow to give indemnity.
Insurable interest
The right to insure, arising out from a finance relation, among the insureds with insured and confessed judicially.
Utmost good faith
An action to lay open in accurate figure and complete, all the is facts of material (material fact) concerning something that will be insured by them the good asked and don't. Mean is : the underwriter have to admittedly explain clearly everything concerning broadness term from insurance and the the insured also have to give correct and clear description to the object or underwritten importance.
Proximate cause
This is an active cause, efficient which generate enchain the occurrence generate an effect without existence of intervention the starting and active from independent and new source.
Indemnity
A mechanism where underwriter provide the compensation financial in the effort its place the insured in the financial position he have momentary before the happening of loss (KUHD section of 252, 253 and assured in section of 278).
Subjugation
Transferring rights claim from the insured to underwriter after claim paid.
Contribution
Beside this mean underwriter rights to invite the other underwriter which both of the same accounting, but don't have to is same of his obligation to the insured to follow to give indemnity.
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