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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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