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Question 2 The principles of insurable interest, subrogation, actual cash value, and pro rata sharing all stem from the broader principle of indemnity. Explain

Question 2 The principles of insurable interest, subrogation, actual cash value, and pro rata sharing all stem from the broader principle of indemnity. Explain what is meant by the principle of indemnity, and indicate specifically in what way each of the four principles mentioned above helps enforce the principle of indemnity. I [30 marks]

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