WAEC - Commerce (2013 - No. 5)
An insurance principle that prevents a person from insuring what he does not stand to lose financially if the insured risk occurs is
indemnity
insurable interest
proximate cause
subrogation
ব্যাখ্যা
Insurable interest; A principle that states that an insured may not collect more than its own financial interest in property that is damaged or destroyed.