📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    The principle of indemnity aims to prevent: 

    A Fraudulent claims by the insured. Correct Answer Incorrect Answer
    B Overpayment of premiums by the insured. Correct Answer Incorrect Answer
    C Multiple claims for the same loss by the insured. Correct Answer Incorrect Answer
    D Insufficient coverage by the insurer. Correct Answer Incorrect Answer

    Solution

    Explanation: The principle of indemnity prevents the insured from making multiple claims for the same loss , ensuring that they are not overcompensated.

    Practice Next
    More Economy Questions

    Relevant for Exams:

    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call