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 compensation would be calculated as ...
claims paid by insurers in the event of loss is irrecoverable when the? ...
The body that regulates the activities of insurance market in Nigeria ...
In an endowment policy, benefits are paid at death or ...
Non-indemnity insurance policies are referred to as ...
A general question in an insurance proposal form is ...
The first insurance company to establish its branch office in Nigeria is ...
The use of gas burners for cutting and welding is considered in insurance contract as ...
which of the following benefits will be covered under personal accident insurance ...