Explore the Principle of Indemnity in Canadian insurance, its role in restoring financial positions, and its impact on policyholder behavior. Learn about Actual Cash Value, Replacement Cost, and the implications of overinsurance and underinsurance.
Explore the Principle of Utmost Good Faith in the Canadian insurance industry, emphasizing its critical role in fostering trust and transparency between insurers and policyholders.
Explore the crucial principle of insurable interest in the Canadian insurance industry, its legal implications, and its role in preventing moral hazard.
Explore the principles of subrogation and contribution in the Canadian insurance industry, including their definitions, purposes, limitations, legal frameworks, and practical examples.