What Is the Principle of Indemnity

question 48

Multiple Choice

What is the principle of indemnity?

• A) A court precedent that gives insureds the right to sue their insurers if they get bad claims service
• B) The rule that a person may not collect more than his actual loss in the event of damage caused by an insured peril
• C) The rule that a person will not be reimbursed for a loss unless he can show proof of loss
• D) A way of requiring a person to pay a premium

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Definitions:

Parallel Processing

The ability of the brain to simultaneously process incoming stimuli of differing quality, a concept used to explain how humans manage complex tasks.

Blindsight

A phenomenon where individuals with damage to the primary visual cortex can respond to visual stimuli without consciously experiencing sight.

Parallel Processing

The ability of the brain to simultaneously process incoming stimuli of differing quality, a part of cognitive function that enables efficient multitasking.

Cocktail Party Effect

This describes the human ability to focus one's auditory attention on a particular stimulus while filtering out a range of other stimuli, as when listening to a single conversation in a crowded room.