The principle of _____________ ensures that an insured does not profit by insuring with multiple insurers

a. Subrogation

b. Co-insurance

c. Indemnity

d. Particular Average

5. ___________may be described as a social device to reduce or eliminate risk of loss to life and property.

a. Investment

b. Saving

c. Insurance

d. loan

6.The document which embodies the contract in insurance is called___________

a. security

b. policy

c. certificate

d. none of these

9. Principle of utmost good faith is also known as ____________.

a. subrogation

b causa proxima

c. insurable interest

d. uberrima fides