The principle of indemnity means:
A. The insurer must indemnify the insured for any loss or damage suffered.
B. The insured must indemnify the insurer for any loss or damage suffered.
C. The insured must indemnify a third party for any loss or damage suffered.
D. The insurer must indemnify the insured only if the loss or damage is intentional.
Answer:A
The principle of indemnity means:
A. The insurer must indemnify the insured for any loss or damage suffered. B. The insured must indemnify the insurer for any loss or damage suffered. C. The insured must indemnify a third party for any loss or damage suffered. D. The insurer must indemnify the insured only if the loss or damage is intentional.