The Principle of Indemnity Would Prevent

question 137

Multiple Choice

The principle of indemnity would prevent:

• A)the act of one person from being imputed to another.
• B)an insured from collecting more than he lost.
• C)a negligent third party from being held liable for damages if the injured party was insured.
• D)a significant amount of loss control activity.
• E)an insurer from ever waiving it's right to subrogation.

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Definitions:

Adult Illiteracy

The condition of being unable to read and write in adults.

Infant Mortality

The rate at which babies under one year of age die, often used as an indicator of the overall health of a population.

Demographic Data

Information collected about the characteristics of human populations, such as age, gender, and income levels.

Demographic Transition

A theory describing the transition from high birth and death rates to lower birth and death rates as a country develops from a pre-industrial to an industrialized economic system.