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Vol. XIX, No. 1
discriminative and meticulous to segregate the good cases from the bad ones.
When all social and commercial affairs are based on the principle of utmost good faith, which we repose in the fellow beings, we are then naturally led to the usage of other principles such as those of cooperation, averaging, sharing, contribution, subrogation etc. All these aspects simply exhibit a sense of joint collaboration and cooperation, notwithstanding the fact that we do meet with unpleasant situations also, in future, which cannot be assessed or forecast so easily, in connection with moral hazards than in the case of physical hazards.
Sequel to the above, yet it would be a point of order and consideration if these very important basic insurance principles could also be applied in toto to the social aspects of the human beings, to finding their place in other social disciplines and social sciences.
If these principles form a part of all these subjects of social disciplines, then we can expect to have some salutary effect on the minds of the people, because both initially and ultimately, we have to interact with human beings with a sense of utmost good faith and with a sense of integrity to be hopefully found in all human beings for due observance and implementation on their part,
The negative results which we get from other disci. plines (non-insurance subjects) in the wake of non-existence of these principles therein, we think that the same might become less accentuated to a great extent, in case, these principles are also duly incorporated in these noninsurance subjects.
To sum up, what we mean to say is that the incorporation of aforesaid insurance principles in the non-insurance subjects as well can go a long way to expect good results to a great extent, if not on cent percent basis.
It may, further, be stated here that whatever good principles we evolve, whatever good utterances we make whether orally or in writing, It does not come to our notice
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