All insurance contracts are contracts of indemnity – InterviewSolution

1.	All insurance contracts are contracts of indemnity
Answer» ONG>Explanation: Most insurance contracts are INDEMNITY contracts. Indemnity contracts APPLY to insurances where the loss suffered can be measured in TERMS of money. Principle of Indemnity. This states that insurers pay no more than the actual loss suffered.

Discussion

No Comment Found

Related InterviewSolutions

The difference between a 2-digit number and the number obtained by interchanging itsdigits is 27. What is the difference between the sum and the difference of the digits of theber if the ratio between the digits of the number is 1:2?
C. Why is it important to find the facts and truth before speaking, andespecially before making major decisions?class7
तुम्ही तुमच्या घरापासून दूर आहात तुमचा भाऊ 10वीच्या वर्गात शिकत आहे तो board परिक्षेमुळे आरोग्याकडे दुर्लक्ष करत आहे आपल्या जीवनात व्यायामाचे महत्त्व सांगणारे पत्र लिहा
OMG M is in 100 percent..... Wowww!
What is TRD ?[ Define Answer in minimum 30words]
Tumche jevan jale ahe ka?
Yaha koin konse school se hai
Kutumbha vyavastha bagha konasagalante manam em cheyali
What is meaning of Punjabi word "muttiyar"?
Write a letter to your brother telling him about the importance of online classes in Gujarati