An insurance principle that prevents a person from insuri...
An insurance principle that prevents a person from insuring what he does not stand to lose financially if the insured risk occurs is
indemnity
insurable interest
proximate cause
subrogation
Correct answer is B
Insurable interest; A principle that states that an insured may not collect more than its own financial interest in property that is damaged or destroyed.
The input, output and central processing units are the basic components of a computer's? ...
The components of a balance of payments account are ...
The development of commerce in west Africa was not hampered by ...
A trader who wants to buy goods from another country sends? ...
The term “enterprise” denotes the ability to ...
What are fixtures and fittings in a balance sheet? ...
Use the diagram above to answer questions What does V represent? ...
A business organization must always consider the overall effect of its actions on the ...