Which of the following insurance contract is not based on the principle of indemnity.

Related MCQs

• ________ insurance is not a contract of indemnity
• The principle of indemnity does not apply to
• The principle of indemnity is applicable to _______ only.
• Fire insurance contract is a contract of
• Insurable interest must be present in an ________ insurance contract at the time of contract and at the time of loss.
• Insurance is based on the principle of _______.
• Fire Insurance is based on the principle of ?
• Transfer of rights and remedies of the insured to the insurer after indemnity has been effected is called __________.
• ________ means the transfer of all the rights and remedies available to the insured in respect of the subject matter to the insurer after indemnity has been effected.
• _________ is an agreement where by the insurer agrees to indemnity the insured against marine losses.