EPFO APFC • General Ability Test • 2025 • Q.106
InsuranceMedium
In case of contract of insurance, the principle which states that it is the duty of the insured to take reasonable steps to minimize the loss or damage to the insured property is called:
Syllabus Connection
Principles of Insurance: Utmost good faith (Uberrimae Fidei), insurable interest, indemnity, subrogation, contribution, proximate cause, mitigation of loss. (APFC)
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