What is the principle of indemnity? (choose the best answer)
A) a court precedent that gives insureds the right to sue their insurers if they get bad claims service
B) the rule that a person may not collect more than his actual loss in the event of damage caused by an insured peril
C) the rule that a person will not be reimbursed for a loss unless he can show proof of loss
D) a way of requiring a person to pay a premium
Correct Answer:
Verified
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