4 Which of the following statements about indemnity is incorrect? a. indemnity has close linkage with insurable interest b. in theory, an insured can take out a life insurance policy with unlimited sum insured C. the amount of indemnity is usually equal to the sum insured in the event of loss of a property d. life insurance is generally not subject to the principle of indemnity 5 a. Which of the following is not the essentials of contribution? two or more policies of indemnity exist b. the type of the insurance policies should be the same each policy must have been in force at the relative time d. each must protect the same interest of the same insured C