Question

explain the principle of indemnity and principle of utmost good faith​

Answer 1

Answer:

. Utmost good faith : It is the duty of the insured to disclose all the material facts relating to risk to be covered. ... Indemnity: The purpose of indemnity is to restore the insured person to approximately the same financial position that existed prior to the loss.

Explanation:

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Answer 2

Explanation:

1. Utmost good faith: It is the duty of the insured to disclose all the material facts relating to risk to be covered. ...

Indemnity: The purpose of indemnity

is to restore the insured person to

approximately the same financial

position that existed prior to the loss.