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Question
______ means a promise to compensate in case of loss.
Options
Causa Proxima
Doctrine of Subrogation
Indemnity
Contribution
MCQ
Fill in the Blanks
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Solution
Indemnity means a promise to compensate in case of loss.
Explanation:
The principle of indemnification is founded on the idea that the assured should only be compensated for the real loss in the event of a loss.
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