Placing the insured in the same position financially as he or she or it was in immediately before the loss or damage took place. For this purpose, the insurance companies are: a.
Placing the insured in the same position financially as he or she or it was in immediately before the loss or damage took place. For this purpose, the insurance companies are: a.
Chapter10: Managing Property And Liability Risk
Section: Chapter Questions
Problem 1LTAI
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Question
Placing the insured in the same position financially as he or she or it was in immediately before the loss or damage took place. For this purpose, the insurance companies are:
a.
Paying compensation to the insured
b.
Paying commission to the insured
c.
Paying salaries to employees
d.
Paying commission to the agents
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