Fundamental Purposes of the Principle of Indemnity Include Which of the Following

question 48

Multiple Choice

Fundamental purposes of the principle of indemnity include which of the following?
I.To reduce physical hazards
II.To prevent the insured from profiting from insurance

• A)I only
• B)II only
• C)both I and II
• D)neither I nor II

Understand the structural hierarchy and growth processes in the body.

Distinguish between different anatomical positions and their relative terms.

Identify and describe the regions of the human body.

Understand the structure and function of the serous membranes.

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Definitions:

Independent Agents

Salespeople who sell a manufacturer’s products on an extended contract basis but are not employees of the manufacturer; also known as manufacturer’s representatives or reps.

Selling Company

A company or entity that is engaged in the act of selling goods, services, or both to consumers or other businesses.

New Buy

A purchase decision where a customer is buying a product or service for the first time, requiring significant research and evaluation.

Modified New Buy

A purchasing situation wherein a company makes some changes or modifications to a product they are buying again.