Question
The principle ensuring an insured is not compensated
more than the actual loss is:Solution
The principle of indemnity states that an insured should not profit from an insurance claim. The insurer's liability is generally limited to compensating the insured for the actual financial loss suffered.
115% of 800 - 4/5 of 320 + 82% of 700 = ? – 102% of 500
17 , 37 , 79 , 165 , ? , 689
124, 180, 108, 198, ?, 220
What will come in place of the question mark (?) in the following series?
68, 76, 61, 85, ?, 98
If series II follows the same sequence pattern as series I shown below, determine the value of 'p'.
Series I: 40, 25, 30, 50, 105, 267.5
<...15, 90, 95, ?, 383, 766Â Â
98, 89, 114, 50, 194, ?
79Â Â Â Â Â 86Â Â Â Â Â Â 76 Â Â Â Â Â Â 89Â Â Â Â Â Â 73 Â Â Â Â Â Â ?
...580 557 528 497 ? 419
32   48   96   ?   720   2520
