Senior Associate Underwriter Interview Questions and Answers

Principle of insurance is the basic concept that governs the insurance industry.

• Principle of utmost good faith - both parties should disclose all relevant information

• Principle of insurable interest - the insured must have a financial interest in the subject matter of the insurance

• Principle of indemnity - the insured should be compensated for the actual loss suffered

• Principle of contribution - if the insured has multiple policies covering the same risk, each insurer should con...read more