The Loss Settlement Under Which of the Following Supports the Principle

question 30

Multiple Choice

The loss settlement under which of the following supports the principle of indemnity?

• A)life insurance
• B)valued policies
• C)replacement cost property insurance
• D)actual cash value property insurance

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Definitions:

Fibrocartilage

Cartilage with a matrix of strong collagenous fibers.

Hyaline Cartilage

Hyaline cartilage is a translucent type of cartilage found in areas such as the nose, trachea, and at the ends of bones, providing smooth surfaces for movement at joints.

Elastic Cartilage

Type of cartilage composed of elastic fibers, allowing greater flexibility.

Osteocytes

Mature bone cells that maintain the bone matrix and are involved in the regulation of bone density.