Exam (elaborations)
RMIN 4000 Test 2, UGA Questions and Answers 100% Verified!!
- Course
- Institution
Principle of Indemnity - ANSWER-The insurer agrees to pay no more than the actual amount of the loss (make you whole again, no gain). Purpose: -To prevent the insured from profiting from a loss -To reduce moral hazard Indemnification in property insurance is - ANSWER-based on the actual cas...
[Show more]