O-LevelCommerceInsurance7100/12 · May/June 2019 · Q291 Mark
What does the principle of indemnity state?
AAll matters relating to the insurance must be disclosed.
BThe insured must always tell the truth.
CThe insured must have a financial interest in what is insured.
DThe insured should not profit from the insurance company.
✓ Correct answer
D: The insured should not profit from the insurance company.
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