LATEST BUSINESS STUDIES NOTES
Key Principles Governing Insurance Operations and Fairness
The principles of insurance are a set of fundamental concepts that govern the operation and functioning of insurance contracts. These principles ensure fairness, transparency, and the proper functioning of the insurance industry. Here are the explanations of the principles you mentioned:
These principles provide a framework for the fair and efficient operation of insurance contracts, protecting the interests of both the insured and the insurer and promoting trust and stability in the insurance industry.
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