Insurance is not gambling because of the presence of

Insurance is not gambling because of the presence of 

Q. Insurance is not gambling because of the presence of

A.            Principle of utmost good faith    

B.            Insurable interest           

C.            Indemnity principle        

D.            None of the above

Answer: Insurable interest

Gkseries: Gkseries.com is a premier website to provide complete solution for online preparation of different competitive exams like UPSC, SBI PO, SBI clerical, PCS, IPS, IAS, IBPS PO, IBPS Clerical exam etc. & other graduate and post-graduate exams. Learn more on about us page