Recent questions tagged indemnity

1 answer

Which of the following correctly describes the role of the USDA in disasters?

asked 1 year ago in Education by voice (257k points)

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The principle of indemnity in insurance means

asked Oct 27, 2021 in Finance by voice (257k points)

1 answer

Which clause or concept in insurance law provides that when an insurer indemnifies the insured for loss

asked Oct 27, 2021 in Finance by voice (257k points)

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Underwriting might best be defined as

asked Oct 27, 2021 in Finance by voice (257k points)

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Policy holders are expected to pay premium on due dates, a period of 15-30 days is allowed as grace to make payment of

asked Oct 3, 2021 in Finance by voice (257k points)

1 answer

________ means the transfer of all the rights and remedies available to the insured in respect of the subject matter to

asked Oct 3, 2021 in Finance by voice (257k points)

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A marine insurance is a contract of _________.

asked Sep 30, 2021 in Finance by voice (257k points)

1 answer

Which of the following insurance contract is not based on the Principle of Indemnity?

asked Sep 14, 2021 in Finance by voice (257k points)

1 answer

__________ principle in insurance mention the assured must have insurable interest in the life or property insured.

asked Aug 14, 2021 in Finance by voice (257k points)

1 answer

The purpose of __________ are to hold the negligent person responsible for the loss and prevent the insured from

asked Aug 14, 2021 in Finance by voice (257k points)

1 answer

______________ principle means that the insured is not entitled to make a profit on his loss.

asked Aug 14, 2021 in Finance by voice (257k points)

1 answer

The principle of _____________ ensures that an insured does not profit by insuring with multiple insurers.

asked Jul 28, 2021 in Finance by voice (257k points)

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