Exam (elaborations)
RMIN 4000 UGA Brown Exam 3 Questions & Answers 100% Correct
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principle of indemnity - ANSWER-The insurer agrees to pay no more than the actual amount of the loss (prevent the insured from profiting from loss) replacement cost (RC) - ANSWER-the cost to replace property with an item of like kind and quality (similar workmanship and materials) (not the same ...
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