CBSE Class 11-commerce Answered
what is proximate cost
Asked by Raju | 09 Feb, 2018, 10:34: PM
Expert Answer
Do you mean proximate cause? Proximate cause is one of the principle of insurance. If the loss is the result of two or more causes, then the proximate cause refers to direct and effective cause of which the loss is the natural consequence. Here the loss arising out of any mishap, the most proximate cause of the mishap should be taken into consideration.
Answered by Tharageswari S | 10 Feb, 2018, 02:24: PM
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