Chapter 9 Flashcards
1
Q
indemnity
A
the insurer agrees to pay no more than the actual amount of the loss; to prevent the insured from profiting from a loss.
Risk and Insurance Exam 2 > Chapter 9 > Flashcards
indemnity
the insurer agrees to pay no more than the actual amount of the loss; to prevent the insured from profiting from a loss.