Which of the Following Does Not Support the Principal of Indemnity

question 28

Multiple Choice

Which of the following does not support the principal of indemnity?

• A)actual cash value
• B)contract of adhesion
• C)insurable interest
• D)subrogation

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Definitions:

Systematic Way

A methodical approach to procedures or practices that are organized according to a plan or system.

Reality

The sum or aggregate of all that is real or existent within a system, as opposed to that which is only imaginary.

Material

Consisting of physical substance; relating to physical matter and objects as opposed to spiritual or intellectual qualities.

Spiritual

Relating to or affecting the human spirit or soul as opposed to material or physical things; often concerns a sense of connection to something greater than oneself.