The Principle of ____ States That an Insured Should Not

question 131

Multiple Choice

The principle of ____ states that an insured should not be compensated by an insurance company in an amount exceeding the economic loss.

• A)subrogation
• B)insurable interest
• C)coinsurance
• D)indemnity
• E)none of these

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Definitions:

Buying Signals

Behavioral cues or indications from a potential buyer that suggest they are interested in making a purchase.

Core Principles

Fundamental beliefs, values, or practices that are central to the philosophy or operation of an organization, guiding its actions and decisions.

Professional Sales

The activity or profession of selling products or services in a way that is ethical, knowledgeable, and respectful to the customer.

Early Stages

The initial phases or beginning periods of a process, project, or development.