The principle of indemnity does not apply to

Related MCQs

• Which of the following insurance contract is not based on the principle of indemnity.
• The principle of indemnity is applicable to _______ only.
• The principle of utmost good faith does not apply to :
• ________ insurance is not a contract of indemnity
• 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.
• Insurance is based on the principle of _______.
• Fire Insurance is based on the principle of ?
• Which principle suggests that insured should try to minimize the loss of his property even if it is insured?