state farm Question and answers correctly solved 2024/2025

state farm Question and answers correctly solved 2024/2025which of the following refers to being restored to the financial condition you were in before a loss? - correct answer indemnification mark incurred 8000$ damage to his car in an accident. he received 8000$ from his insurance company and 4000$ from the other driver. by receiving a profit from the loss, Mark is in violation of.. - correct answer principle of indemnity the transfer of risk from one party to another is called - correct answer insurance the principle of indemnity is designed to prevent - correct answer keeps the insured from making a profit from an insured loss. the fee paid by the insured in exchange for an insurance policy is called a - correct answer premium insurance - correct answer transfers risk of financial losses from one party to another insured - correct answer individual or organization that pays premiums in exchange for protection insurer - correct a