What principle asserts that the insurance will pay only once, even if the insured holds multiple policies?ContributionSubrogationIndemnityProximate cause
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Solution 1
The principle that asserts that the insurance will pay only once, even if the insured holds multiple policies is the Principle of Indemnity. This principle prevents the insured from profiting from insurance; it is designed to put the insured back in the same financial position that existed before th Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
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