Which of the following is not a principle of insurance?

Answer Details

The principles of insurance include indemnity, subrogation, insurable interest, utmost good faith, proximate cause, and
contribution. However, 'Insurable risk' is not a principle of insurance. It is a term used to describe a risk that meets the ideal
criteria for efficient insurance. The risk must be definable, financially measurable, and non-catastrophic, allowing the insurer to
charge a reasonable premium.