The difference between indemnity insurance and non-indemn...
The difference between indemnity insurance and non-indemnity insurance is that the latter provides
cover for exporters against risks
cover for importers against risks
full payment to the insured
consolation payment to the insured
Correct answer is D
Non-indemnity insurance tends to cover things with no real replacement value.
Indemnity means that the insured is entitled to a specific amount of compensation for a loss that is tied to a replacement, reimbursement, or fair-market value
Which of the following does NOT relate to marine insurance?... policy ...
Which of the following are the important functions of any organization? ...
A bank whose name is printed on a cheque leaf is known as the? ...
Which of the following is an item in the marketing mix? ...
A deduction made by a wholesaler from the catalogue price and which represents a retailer's prof...
The concept which says that a company's production policy should be centered on the ultimate use...
The act of a person employing another to enter into a contract on his behalf is known as? ...
The main factors militating against the rapid growth of trade in Nigeria are? ...
Which of the following is legally used by the insured while the policy is being processed? ...