The principles of insurable interest, subrogation, actual cash value, and pro rata apportionment all stem from the
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The principles of insurable interest, subrogation, actual cash value, and pro rata apportionment 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.
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Fundamentals Of Risk And Insurance
ISBN: 978-1118534007
11th Edition
Authors: Emmett J. Vaughan ,Therese M. Vaughan
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