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.
Term insurance benefits are payable ...
modern insurance business was introduced into nigeria by? ...
which of the following benefits will be covered under personal accident insurance ...
A primary function of insurance is the? ...
one of the steps taken by an insurer in claim settlement is to? ...
one benefit of life insurance policy is that it serves as ...