Risk Management & Insurance | Chapter 4: Legal Principles of Insurance

In this video, we cover Chapter 4: Legal Principles of Insurance from the Risk Management and Insurance course. You’ll learn the essential legal foundations that govern insurance contracts and ensure fairness, protection, and enforceability.

🔑 Key Topics Covered:

Principle of Indemnity

Principle of Insurable Interest

Principle of Subrogation

Principle of Contribution

Principle of Utmost Good Faith

This lecture is designed for Accounting and Management students, but it’s also helpful for anyone preparing for exams or seeking to understand the fundamentals of insurance law.

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