What is the principle of indemnity?
A) A court precedent that gives insureds the right to sue their insurers if they get bad claims service
B) The rule that a person may not collect more than his actual loss in the event of damage caused by an insured peril
C) The rule that a person will not be reimbursed for a loss unless he can show proof of loss
D) A way of requiring a person to pay a premium
B
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To standardize a scale Xi, we first subtract the mean, , from each score and divide by the standard error, S
Indicate whether the statement is true or false
A(n) _______ is an automatic call distribution (ACD) feature that routes calls based on input provided by the caller through a touch-tone telephone.
Fill in the blank(s) with the appropriate word(s).
What are the two main sources of uncertainty in cost management?
________ products are products whose demands are positively related and as such, they rise or fall together.
A. Elastic B. Complementary C. Inelastic D. Substitute E. Premium