What do you mean by cause of Proxima?
What do you mean by cause of Proxima?
The Principle of Causa Proxima or Proximate cause is one of the six fundamental principles of insurance and it deals with the most proximate or nearest or immediate cause of the loss in an insurance claim. … Therefore, if the proximate cause of a loss is a known insured risk, for which the insurer has to pay the insured.
