Challenger App

No.1 PSC Learning App

1M+ Downloads
Which principle means that make good or compensate the loss?

Aprinciple of contribution

Bprinciple of subrogation

Cprinciple of indemnity

Dprinciple of insurable interest

Answer:

C. principle of indemnity

Read Explanation:

.


Related Questions:

Which component of KYC is involved when reviewing whether a customer’s transactions match their profile?
Providing banking services through multiple delivery channel is known as ---.
Which foreign bank was the first to convert into a Wholly-Owned Subsidiary (WOS) in India as per RBI norms?
A bill market is a market for --- bills
The following one does not constitute a settlement of an account. As far as a pass book is concerned ---