Author Question: Which of the following is a fundamental purpose of the principle of indemnity? A) to reduce moral ... (Read 38 times)

abc · **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