PRINCIPLES OF INSURANCE EXPLAINED 2024 The system of insurance depends upon certain doctrine (principles) which both the Insurer and the Insured are required to obey. These are; Indemnity Insurable interest Utmost good faith (Uberrimae fidei) Proximity cause Subrogation Contribution Indemnity This principle requires that the compensation given to the Insured should only restore him to the … Read more
TERMINOLOGIES USED IN INSURANCE RELEVANT TO DAILY BUSINESS ACTIVITIES In Insurance, the following terms are used; (i) Insured This is the person or firm taking out Insurance and who is promised to be compensated by the Insurance company in case of a loss. (ii) Insurer This is the Insurance company granting the Insurance policy e.g … Read more
Tips on how to quit drinking alcohol: Recently Updates Home remedies and alternative therapies are sometimes used to stop drinking alcohol naturally. Used alongside recommended medical treatments, these remedies can include herbs like kudzu and ashwagandha, lifestyle changes to reduce stress, and online counseling and support groups. However, if you are a daily or heavy … Read more