Hannahdavy4106 Hannahdavy4106
  • 06-01-2020
  • Social Studies
contestada

The concept that the insured should not profit from an insurance transaction is called:

Respuesta :

DeniceSandidge DeniceSandidge
  • 07-01-2020

Answer:

answer is principle of indemnity  

Explanation:

solution

profit from an insurance transaction is called the principle of indemnity

here indemnity means security or the protection against any financial liability so

Principle of indemnity is restoring the insured to the same financial condition as before the loss of it

it mean there is no profit also

so answer is principle of indemnity  

Answer Link

Otras preguntas

is 3.5 an enlargement or an reduction or an isometric figure?
Which sentence uses a verb that agrees with its compound subject? A. Either those leftovers or the trashcan are causing that smell. B. A robin and a sparrow has
Which fraction is equivalent to 5/12 ? A.2/3 B.10/18 C.20/54 D.15/36
All matter is NOT composed of __________. protons neutrons sodium electrons
describe conditions that cause condensation of liquid water in air.
what is 3 5/8 + 2 7/12 ?
the distinction between protostomes and deuterostomes is based on differences in their
Before Grant could capture Richmond, he first had to defeat Confederate forces in _____.
let n = 4, what is the value of 7 x 6 + n x 2? (A) 50 (B)92 (C)98 (D)140
According to some archaeologists, during which period was the bow and arrow invented? A) Archaic B) Mississippian C) Paleoindian D) Woodland.