Explain the following insurance terms: (a) proximate cause (b) contribution (c) utmost good faith (d) re-insurance (e) contract of non-indemnity (compensati...

Explain the following insurance terms:

(a) proximate cause
(b) contribution
(c) utmost good faith
(d) re-insurance
(e) contract of non-indemnity (compensation). 

Answer Details

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