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Author Question: Which of the following is a fundamental purpose of the principle of indemnity? A) to reduce moral ... (Read 20 times)

abc

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on: Jul 11, 2018
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


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bd5255

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Reply #1 on: Jul 11, 2018
Answer to Question 1

Answer: A

Answer to Question 2

Answer: D


abc

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Reply 2 on: Jul 11, 2018
Excellent

softEldritch

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Reply 3 on: Yesterday
Gracias!

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