The Principle of Indemnity

question 26

Multiple Choice

The principle of indemnity:

• A) is illegal in many countries
• B) reduces the occurrence of overstating claims
• C) only applies in life and health insurance
• D) eliminates insurance fraud

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Definitions:

Toddlers

Young children, typically between the ages of one and three, who are in the early stages of learning to walk.

Temperament

An individual’s inherent personality traits, particularly in regard to their emotional and behavioral responses.

Stable

Describing a situation or condition that is not significantly changing, consistently firm or steady.

Adulthood

The period in an individual's life after adolescence, characterized by full physical development, and typically involving increased responsibilities and independence.