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State farm property 2022-2023 exam Questions and Answers |Verified

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State farm property 2022-2023 exam Questions and Answers |Verified

Which of the following refers to being restored to the financial condition you were in before a loss? {{Ans- indemnification

 

Mark incurred 8000$ damage to his car in an accident. he received 8000$ from his insurance company and 4000$ from the other driver. by receiving a profit from the loss, Mark is in violation of..

{{Ans- principle of indemnity

 

The transfer of risk from one party to another is called {{Ans- insurance

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State farm property 2022-2023 exam Questions and Answers |Verified Which of the following refers to being restored to the financial condition you were in before a loss? {{Ans- indemnification Mark incurred 8000$ damage to...

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