Which of the following is not the principle of insurance?

The correct answer is C. Maximisation of profit.

The principle of utmost good faith is a fundamental principle of insurance law that requires both the insured and the insurer to act honestly and in good faith in all dealings with each other. The principle of contribution is a principle of insurance law that requires each insured party to contribute to the payment of a loss in proportion to their share of the risk. Causa proxima is a legal term that means “the nearest cause”. In the context of insurance law, causa proxima is the cause of a loss that is most closely related to the loss.

Maximisation of profit is not a principle of insurance law. In fact, the goal of insurance is to protect against loss, not to make a profit.