The Principle of Indemnity States That the Insured Cannot Be

question 4

True/False

The principle of indemnity states that the insured cannot be compensated for an amount exceeding the insured's economic loss.

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Definitions:

Paste Numbers

The action of inserting only the numeric data from a copied selection, excluding any text or formatting.

Values

In computing, discrete data represented or stored within a variable or a constant in programming languages.

Number Formatting

The way numerical data is displayed or printed, including the use of decimal points, commas, and currency symbols.

Commitment to Conformity

A psychological state where an individual consistently follows the norms, rules, or laws of a given group or society.