insurance test

what is the principle of indemnity?

compensating for the loss no more than the insured’s economic loss

which principle describes the sharing of loss by all members of a group?

risk pooling

the principle of utmost good faith requires which of the following

both parties to enter into the insurance contract in good faith

what does the principle of subrogation enable an insurer to do?

pursue a third party that caused an insurance loss to the insured

which principle the insured from profiting from insurance?

indemnity