(a)
1. Utmost goods faith: An insurance contract is based on utmost good faith on the part of both the parties. It is the legal duty of the proposer to disclose all the material facts about the subject to be insured. If the proposer conceals any material facts the insurer can repudiate the contract of insurance. Thus good faith requires each party to disclose all the information at his command to the other party.
2. Doctrine of Subrogation: It implies that after indemnifying the insured for his loss; the insurer becomes entitled to all the rights and remedies relating to the property insured. Doctrine of subrogation is applicable to all contracts of indemnity and is not applicable to life insurance. The insurer can recover only what the insured himself could recover. Subrogation applies only after the insurer has paid the claim to the insured.
(b) Recycling is the process of converting waste materials into reusable objects to prevent waste of potentially useful materials, and to redue the consumption of fresh raw materials.
Environmental values make people environmentally conscious. Teaching environmental values encourages people to carry cloth bags, use organic manure, keep surroundings clean, respect other people’s things, reuse of polybags, reuse plastic and glass containers and recycle paper to save trees and to plant more trees.
