Property & Casualty Insurance License Test Practice Test
Property & Casualty Insurance License Test P&C General Insurance Principles 2
The principle of indemnity in insurance means:
Select your answer
A
The insured should profit from an insurance claim
B
The insured should be restored to the same financial position they were in before the loss, no better and no worse
C
The insurer must pay the maximum policy limit for every covered loss
D
The insured must prove negligence before any payment is made
Hint
