The law recognizes two types of insurance contracts, namely indemnity insurance and non-indemnity insurance. Which statement is correct? 

 a. Indemnity insurance refers to the amount of damages claimed which is directly proportional to the loss suffered or the amount of the insurance where it is less than the loss suffered. Non-indemnity insurance refers to the loss suffered and the amount paid by the insurer. 

b. Indemnity insurance the loss suffered and the amount paid by the insurer are not proportionate. Non-indemnity insurance refers to the amount of damages which is directly claimed in accordance to the loss suffered or the amount of the insurance where it is less than the loss suffered

 c. Indemnity has a monetary value and Non-indemnity does not. 

 d. None of the above