In order to be covered by insurance contract, the court will look at several principles. Explain the meaning of FOUR (4) principles below. Support your answer with relevant provisions and cases.
(i) Insurable interest
(ii) Material fact
(iii) Utmost good faith
(iv) Indemnity
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Question 1: for those students who do not take traffic school, which of the following is true? . they are 75% more likely to get a traffic ticket, 24% more likely to be involved in an accident, and 16% more likely to have an accident! . they are 10% more likely to get a traffic ticket, 24% more likely to be involved in an accident, and 75% more likely to have an accident - they are 5% more likely to get a traffic ticket, 75% more likely to be involved in an accident, and 16% more likely to have an accident - they are 50% more likely to get a traffic ticket, 5% more likely to be involved in an accident, and 24% more likely to have an accident
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In order to be covered by insurance contract, the court will look at several principles. Explain the...
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