Fundamental purposes of the principle of indemnity include which of the following? I. To reduce physical...

Fundamental purposes of the principle of indemnity include which of the following? I. To reduce physical hazards. II. To prevent the insured from profiting from insurance. (a) I only (b) II only (c) both I and II (d) neither I nor II

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Expert Solution

Fundamental purposes of the principle of indemnity include which of the following?

Ans: B.

II. To prevent the insured from profiting from insurance.

ekkarill92 answered 2 years ago

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