Hi Kirk, Thanks for the message and I'm glad you like the video. Best of luck with your studies and make sure to follow us on Facebook and Instagram @examrevision4u where I have more tips and hints! Thanks, Mr Walsh
Sir could u pls tell me Answer of this question Insurance is primarily based on two principles.? what r these principles? Explain them with examples? ASAP sir
Hi Shishir, Thanks for your message - there are 5 Principles for Insurance. If you question asked you just for two then I would explain Utmost Good Faith & Indemnity. You can get the explanations and examples form watching this video. I hope this helps you. Regards, Mr Walsh
how the insurance company will come to know that the insured has got subject matter (say bike) insured with more than 1 insurer??? please Reply asap as I am going to deliver a ppt on principles of insurance.
Hi, Thanks for leaving some positive feedback - it really motivates us to make more videos when we get messages like this. Remember to sign up to our website www.examrevision.ie where you can find lots more videos for geography, business and maths. Regards, Mr Walsh
Hi Latha, Premium is the annual fee you pay to take out insurance. You have to pay a premium each year and your premium is calculated by an actuary. I hope this helps. Remember to follow us on Instagram and twitter @examrevision4u Regards, Mr Walsh
Very brief description of the principles.
Hi Kirk,
Thanks for the message and I'm glad you like the video.
Best of luck with your studies and make sure to follow us on Facebook and Instagram @examrevision4u where I have more tips and hints!
Thanks,
Mr Walsh
Sir
What about mitigation and proximate cause
hi sir.
can you please give answer for this question.
Q. Explain the scenario of insurable interest in life and marine. insurance.
what happened to the proximate clause?
Sir could u pls tell me
Answer of this question
Insurance is primarily based on two principles.?
what r these principles?
Explain them with examples?
ASAP sir
Hi Shishir,
Thanks for your message - there are 5 Principles for Insurance. If you question asked you just for two then I would explain Utmost Good Faith & Indemnity. You can get the explanations and examples form watching this video.
I hope this helps you.
Regards,
Mr Walsh
+ExamRevision
what about 2 more principles
mitigation of loss
Proximate cause???
I think there are 7 principles
Mohit Kumar there are 7 principals tht i learned
+Merissa Bartholomew
exactly there are 7 principal
i only learned 5 so i suppose only 5 are neccisary
Simple well put
helped alot ty
how the insurance company will come to know that the insured has got subject matter (say bike) insured with more than 1 insurer???
please Reply asap as I am going to deliver a ppt on principles of insurance.
short and good
briefly explain the subrogation sirrrr
V good sir
Hi,
Thanks for leaving some positive feedback - it really motivates us to make more videos when we get messages like this. Remember to sign up to our website www.examrevision.ie where you can find lots more videos for geography, business and maths. Regards, Mr Walsh
Helpful
Iwouldliketojoinyourgroupoflearning
Wt is premium😢
Hi Latha,
Premium is the annual fee you pay to take out insurance. You have to pay a premium each year and your premium is calculated by an actuary.
I hope this helps.
Remember to follow us on Instagram and twitter @examrevision4u
Regards,
Mr Walsh
This is(premium) the amount of money which the insured pays to the insured
Premium is the cash you pay installmens.as you have agreed with the insurance
What about mitigation??
There is 7 principle in 11 std text book