Business Studies, asked by sifat289sandhu, 1 year ago

what is principle of indemnity

Answers

Answered by RiskyJaaat
3
Indemnity means security or compensation against loss or damage. The principle of indemnity is such principle of insurance stating that an insured may not be compensated by the insurance company in an amount exceeding the insured's economic loss.


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Answered by prakash3587
0

Answer:

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