Define and Discuss Moral Identity

question 7

Essay

Define and discuss moral identity.What are some factors that strengthen moral identity?

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Definitions:

Salvage

The right of the insurer to the property where the insured is compensated for the loss.

Indemnity

The concept that distinguishes a contract of insurance from a wager.

Utmost Good Faith

A principle of insurance contracts that requires all parties to act honestly and not mislead or withhold critical information from one another.

Insurable Interest

An interest that would result in a loss on the occurrence of the event.