PRINCIPLE OF INDEMNITY: EXPLAINING THE PRINCIPLE OF INDEMNITY AND HOW IT ENSURES THAT INSURANCE COMPENSATES POLICYHOLDERS FOR ACTUAL LOSSES
PRINCIPLE OF INDEMNITY: EXPLAINING THE PRINCIPLE OF INDEMNITY AND HOW IT ENSURES THAT INSURANCE COMPENSATES POLICYHOLDERS FOR ACTUAL LOSSES Introduction In the realm of insurance, the principle of indemnity serves as a fundamental concept that underpins the relationship between policyholders and insurers. This principle aims to ensure that policyholders are adequately compensated for their actual […]