The Principle of Indemnity Would Prevent

question 137

Multiple Choice

The principle of indemnity would prevent:

• A)the act of one person from being imputed to another.
• B)an insured from collecting more than he lost.
• C)a negligent third party from being held liable for damages if the injured party was insured.
• D)a significant amount of loss control activity.
• E)an insurer from ever waiving it's right to subrogation.

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Definitions:

Aligning Employees

The process of ensuring that an organization's workforce shares and works towards its strategic goals, usually through clear communication and engagement strategies.

Job Description

A written statement that describes the duties, responsibilities, required qualifications, and reporting relationships of a particular job.

Responsibilities

The tasks or duties that are required to be performed as part of a job role or position, often associated with accountability.

Tasks

Specific activities or assignments that need to be completed, often as part of a larger project or job role.