The insured who suffered a loss would be entitled to the ...
The insured who suffered a loss would be entitled to the amount of compensation payable for the loss under the principle of?
insurable interest
utmost good faith
indemnity
contribution
Correct answer is C
Indemnity is a comprehensive form of insurance compensation for damages or loss and, in the legal sense, it may also refer to an exemption from liability for damages. Indemnity is considered to be a contractual agreement between two parties whereby one party agrees to compensate the loss occurred to the other party (indemnity holder) due to the act of the indemnitor or any other party.
The financial interest of the insured in an insurance policy is the ...
To insure any property, the insured must have ...
one of the duties of a loss adjustor is ...
The effect of the minimum cover on the two vehicles is the the? ...
A clause that prevents the insurer from paying under a policy if the insured killed himself is? ...
car plying the road seeking passengers for payment of fares are classified by insurers as? ...
The person named to recieve the life assurance proceeds after the date of the life assured...
A life policy holder enjoy days of grace ...
A factor to be considered before a proposal for endowment assurance is accepted is the proposer'...