The 3 elements distinctive to insurance contracts are all the following, expect O a. Utmost Good Faith. O b. Indemnity. O c. Financial Benefit. O d. Insurable Interest. Mr Said took an insurance policy for his Car. In an accident his car is totally damaged. Insurer paid the full policy value to Mr Said. According to which principle, Mr Said loses rights on the remaining parts of the car? O a. Principle of Subrogation O b. Principle of Indemnity O c. Principle of Contribution O d. Principle of Insurable Interest Mr. Ali purchased a fire insurance policy with a Sum Assured RO. 10,000. The value of his house is RO 20,000. A fire happened in his house and the estimated loss is RO 15,000. How much Mr. Ali can claim from the insurance company? O a. RO 15,000. O b. RO 45,000. O c. RO 10,000. O d.RO 20,000. In cases where a life insurance agent collects the premium from the policyholder and remits it to the insurer's office, he is acting as an agent of O a. The general public O b. All of the given options O c. The Policyholder O d. The Insurance Company Who must be in a relationship with the subject matter of insurance, whereby he benefits from its safety and well-being and would be prejudiced by its loss or damage? O a. Company. O b. Insured. O c. All of the given options. O d. Insurer