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


Answer: A

Business

You might also like to view...

One disadvantage of a packet filtering firewall is its simplicity

Indicate whether the statement is true or false.

Business

______ virtualization systems are typically seen in servers, with the goal of improving the execution efficiency of the hardware

What will be an ideal response?

Business

Apple makes their iPhone phone models such that consumers cannot replace the battery in the phones when required. This is an example of poor

A) Design for Reuse. B) Design for Reliability. C) Design for Manufacture. D) Design for Maintainability.

Business

Each category of a pie chart occupies a segment of the pie that represents the cumulative relative frequency of that category

Indicate whether the statement is true or false

Business