Are you having trouble answering the question “A contract based on the principle of indemnity”? You don’t have to worry about it anymore. Azanswer team is here with the correct answer to your question.
A contract based on the principle of indemnity
A) does not attempt to value the insured’s actual financial loss
B) attempts to return the insured to his original financial position
C) allows the insured to sue the insurer if the full value of the contract is not paid when a claim occurs
D) pays a stated sum, regardless of the actual loss incurred
Answer: attempts to return the insured to his original financial position
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