WHICH OF THE FOLLOWING BEST DESCRIBES A CONTRACT O...

California Life Accident And Health Insurance State Exam Questions And Answers

Question Number 5

WHICH OF THE FOLLOWING BEST DESCRIBES A CONTRACT OF INDEMNITY UNDER INSURANCE?ATHE INSURED IS RESTORED TO THE SAME FINANCIAL CONDITION AS PRIOR TO THE LOSS, WITH NO INTENT OF LOSS OR GAINBTHE INSURED INDEMNIFIES THE INSURER FOR ANY EXPENSES IN ADJUSTING THE LOSSCTHE INSURED SUSTAINS A LOSS AS A RESULT OF THE LOSS

ATHE INSURED IS RESTORED TO THE SAME FINANCIAL CONDITION AS PRIOR TO THE LOSS, WITH NO INTENT OF LOSS OR GAIN

✔ Correct Answer:

ATHE INSURED IS RESTORED TO THE SAME FINANCIAL CONDITION AS PRIOR TO THE LOSS, WITH NO INTENT OF LOSS OR GAIN

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California Life Accident And Health Insurance State Exam Questions And Answers

Question Number 5

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