Various methods of providing Indemnity
The principle of indemnity is such a principle of insurance stating that an insured may not be compensated by the insurance company in an amount…
Business
Various types of average in practice under Principle of Indemnity
The principle of indemnity is such a principle of insurance stating that an insured may not be compensated by the insurance company in an amount…
Does the principle of indemnity apply to life insurance?
The principle of indemnity is such a principle of insurance stating that an insured may not be compensated by the insurance company in an amount…
Differentiate between Insurance contract and Wagering contract
Differentiate between Insurance contract and Wagering contract – Insurance and wagering contracts are not one and the same. They both are different. Insurance contracts should…
Doctrine of Indemnity
Doctrine of Indemnity An indemnity is an obligation by a person (indemnitor) to provide compensation for a particular loss solicited by another person (indemnitee). In…
Insurable Interest
Insurable Interest is an economic stake in an event for which an insurance policy is purchased to mitigate risk of loss. An insurable interest is…
Utmost Good Faith
Utmost Good Faith The doctrine of disclosing all material facts is embodied in the important principle “utmost good faith” which applies to all forms of…
Differences between Representations and Warranties
In contract law, a warranty has various meanings but generally means a guarantee or promise which provides assurance by one party to the other party…
How the right of subrogation arises?
Subrogation refers to the process an insurance company uses to seek reimbursement from the responsible party for a claim it has already paid. It is…
What are the certain rules of determining the Proximate Cause?
In the law, a proximate cause is an event sufficiently related to a legally recognizable injury to be held to be the cause of that…
Load More