n NISM Certifications
NSM General NISM
Medium

Which principle ensures compensation for actual loss in insurance?

Practice question from IC 38 Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Proximate cause

  2. B

    Contribution

  3. C

    Subrogation

  4. Indemnity

    Correct answer

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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