This topic contains a solution. Click here to go to the answer

Author Question: Which of the following is a fundamental purpose of the principle of indemnity? A) to reduce moral ... (Read 7 times)

abc

  • Hero Member
  • *****
  • Posts: 543
Which of the following is a fundamental purpose of the principle of indemnity?
 
  A) to reduce moral hazard
  B) to minimize physical hazards
  C) to settle property insurance losses on a replacement cost basis
  D) to require deductibles in all property insurance policies

Question 2

The loss settlement under which of the following supports the principle of indemnity?
 
  A) life insurance
  B) valued policies
  C) replacement cost property insurance
  D) actual cash value property insurance



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bd5255

  • Sr. Member
  • ****
  • Posts: 386
Answer to Question 1

Answer: A

Answer to Question 2

Answer: D




abc

  • Member
  • Posts: 543
Reply 2 on: Jul 11, 2018
:D TYSM


kusterl

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

For a complete list of videos, visit our video library