The Code Follows the Doctrine of Election of Remedies

question 103

True/False

The Code follows the doctrine of election of remedies.

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Definitions:

National Insurance

A system of taxes and payments made by workers and employers to fund state benefits, primarily in the UK.

Broker

A person or firm that acts as an intermediary between a buyer and seller, usually charging a commission.

Multiple Insurance Clause

A provision in insurance policies that outlines how claims will be handled when more than one policy covers the same loss.

Fidelity Insurance

A form of insurance coverage that protects businesses from losses due to fraudulent acts by employees, such as embezzlement or theft.