The Principle of Indemnity States That the Insured Can Be

question 92

True/False

The principle of indemnity states that the insured can be compensated for an amount equal to his economic loss.

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Definitions:

Specify

To specify means to identify something clearly and explicitly.

Outside A Class

Refers to code or functions that are defined or executed outside of a class definition in object-oriented programming.

Formal Parameter Lists

Specifies the variables that a function or method accepts as input, defining the type and order of arguments it can receive.

Different Number

A number that is distinct or not equal compared to other numbers in a specific context.