What are 5 principles of insurance?
What are 5 principles of insurance?
Principles of Insurance Insurable Interest. Utmost good faith. proximate cause. Indemnity. Subrogation. Contribution.
What is insurance in BST?
The insurer and the insured enter a legal contract for the insurance called the insurance policy that provides financial security from the future uncertainties. In simple words, insurance is a contract, a legal agreement between two parties, i.e., the individual named insured and the insurance company called insurer.
What is warehousing Class 11?
Warehousing involves storing goods in a scientific and organised manner to maintain their value and quality for a longer period of time. The place where goods are stored is known as a warehouse.
