Exam (elaborations)
RMI EXAM 2(2024 Latest Update)Correct 100%
- Course
- Institution
chapter 5 - ANSWER chapter 5 principle of indemnity - ANSWER The insurer agrees to pay no more than the actual amount of the loss purpose of principle of indemnity - ANSWER -to prevent the insured from profiting from a loss -to reduce moral hazard in property insurance, indemnification is...
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