Which of the Following Does Not Support the Principle of Indemnity

question 44

Multiple Choice

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

• A) Actual cash value
• B) Contract of adhesion
• C) Insurable interest
• D) Subrogation

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Definitions:

Microeconomics

The branch of economics that focuses on the actions of individuals and industries, like the dynamics between buyers and sellers, borrowers and lenders.

Macroeconomics

A branch of economics dealing with the performance, structure, behavior, and decision-making of an economy as a whole, including unemployment, inflation, and economic growth.

Decision-Making Units

Groups or individuals within an organization that have the authority and responsibility to make choices that affect the organization's operations.

Public Policy Implications

The effects or outcomes that governmental policies have on society, including economic, social, or environmental impacts.