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प्रश्न
______ means a promise to compensate in case of loss.
पर्याय
Causa Proxima
Doctrine of Subrogation
Indemnity
Contribution
उत्तर
Indemnity means a promise to compensate in case of loss.
Explanation:
The principle of indemnification is founded on the idea that the assured should only be compensated for the real loss in the event of a loss.
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संबंधित प्रश्न
Choose the Correct Answer.
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Explain the principles of insurance.
Explain in brief the Principle of Subrogation.
Name the principle of insurance under which the insurer stands in place of the insured after settlement of claim in relation to the insured property.
"The insured must disclose all material facts and the insurer must make clear all the terms and condition in the insurance contract." Which principle of insurance is referred to in this statement?
"The insurer undertakes to put the insured, in the event of loss, in the same position that he occupied before the event." Which principle of insurance is referred to in this statement?
Uberimmae fidae, the principle of insurance means ______.
Explain 'contribution' as a principle of insurance.
Distinguish between Principle of Indemnity and the Principle of Insurable Interest.
"Insurance is a contract of indemnity." Explain.
