A contract based on the principle of indemnity
A) does not attempt to value the insured's actual financial loss
B) attempts to return the insured to his original financial position
C) allows the insured to sue the insurer if the full value of the contract is not paid when a claim occurs
D) pays a stated sum, regardless of the actual loss incurred"
Ans: B) attempts to return the insured to his original financial position
Business
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Which of the following forms of business organizations provide limited liability to all its owners?
A) general partnership B) corporation C) limited partnership D) both B and C
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In acceptance testing, tests are conducted by an organization's IT staff to assess how well a system performs under peak loads
Indicate whether the statement is true or false
Business