4C PRINCIPLE OF INSURANCE

Ali stole Haz's ferraris and want to insure that car. can or not Ali insure the car? what a principle apply?

• yes, belonging to him

• no because does not have insurable interest

• no because too pricey

• no because there is no duty of utmost good faith

You must provide a ............................ fact accurately. this is a principle of ................................................

• common, indemnity

• wrong, subrogation

• material, utmost good faith

• current, assignment

method of indemnity are

• cash,money,coin, investment

• cash,redo, reheat, reinstatement

• cash, replace, repair, reinstatement

• coin, replace, repair, redo

Dora went to hospital because she had stomach problems. Doctor said she needs to be warded. in hospital, Dora got an infection and death. As a risk manager, which one a proximate cause?

• infection

• stomach problem

• lung infection

• stomach infection

"Taking right belonging to insured"

• insurable interest

• subrogation

• proximate cause

• indemnity

• contribution

Alia can not assign (transfer risk or liability) the fire policy to Ilman because......................................................

• Ilman so naughty

• no consent from mother

• no consent from principles

• no consent from insurer

Contribution is when the INSURED buy INSURANCE POLICY MORE THAN ONE COMPANY and if losses happen all INSURER will pay the losses based on their percentage of retain

• not sure. you do not teach this

• yes

• no

• i am guess , YES