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    Question

    Which basic principle of insurance defines that the

    insurance company is liable to compensate the insured up to the actual loss amount suffered?
    A Principle of Indemnity Correct Answer Incorrect Answer
    B Principle of Contribution Correct Answer Incorrect Answer
    C Principle of Subrogation Correct Answer Incorrect Answer
    D Principle of Utmost Good Faith Correct Answer Incorrect Answer
    E Principle of Proximate Cause Correct Answer Incorrect Answer

    Solution

    The correct answer is A

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