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Which of the insurance policies below does NOT follow the principle of indemnity? 1. A valued policy covers an antique. II. A policy is a
Which of the insurance policies below does NOT follow the principle of indemnity? 1. A valued policy covers an antique. II. A policy is a replacement cost insurance. III. A life insurance will pay benefits if the insured dies during the policy period. IV. A policy pays losses based on the broad evidence rule. Group of answer choices A) II and III only B) I and IV only C) I, II and III only c D) II, III and IV only
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