Which of the following is not an exception to the rule that insurance contracts are contracts of indemnity?
A) Life insurance
B) Replacement cost insurance
C) Functional replacement
D) Valued insurance policies
Correct Answer:
Verified
Q29: The principle of indemnity:
A) is illegal in
Q30: What is the principle of indemnity?
A) A
Q31: Choose the best example of a promissory
Q32: The fact that insured have reasonable expectations
Q33: If a property insurance agent goes to
Q35: If an insured has actual cash value
Q36: A misrepresentation:
A) always voids a contract
B) makes
Q37: A binder is:
A) part of most property
Q38: The _ clause in an insurance policy
Q39: In which case is there no insurable
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