insurans

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Section B 1. Explain the meaning of insurable interest with suitable example. 2. Describe the definition of utmost good faith. 3. Give the definition of material facts and also provide example for life and property insurance. 4. Explain how that can be happen for breaches of utmost good faith. 5. Differentiate between contribution and subrogation in term of definition, features and example. 6. List down FOUR (4) methods of methods of providing indemnity