Q89
_________ means that insurer would assess and compensate only the exact amount of loss.
A.
Certainty
B.
Uncertainty
C.
Probability
D.
Indemnity
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Indemnity means that insurer would assess and compensate only the exact amount of loss. Indemnity insurance is a contractual agreement in which one party guarantees compensation for actual or potential losses or damages sustained by another party.