Even If a Variance Is Insignificant, Corrective Action Should Be

question 99

True/False

Even if a variance is insignificant, corrective action should be taken.

Understand the concept of indemnity in insurance and how it prevents profiting from insurance claims.

Explain the legal aspects and implications of specific conditions in insurance policies.

Understand the rights of the insurance company in the context of paying a claim and exercising salvage and subrogation rights.

Calculate indemnity in the context of co-insurance clauses and explain its significance.

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