Which of the following is a contract of indemnity?
A contract by which one party promises to save the other from loss caused to him by the conduct of the promisor himself, or by the conduct of any other person, is called a contract of indemnity.
Which of the following is not covered under contract of indemnity life insurance?
The principle of indemnity does not apply to Life and Personal Accident insurance.
Which of the following insurance contract is not based on the principle of indemnity Mcq?
Non-indemnity insurance is a type of insurance where the insured and insurer agree on the amount that the insurance company will pay if something happens to you – for example: life insurance or disability insurance.
Which is not a contract of indemnity? A. Personal Accident B. Fire C. Marine D. Motor Answer: Option A Solution (By Examveda Team) Personal Accident is not a contract of indemnity. Type of insurance cover (such as property insurance, but not personal accident insurance) that only restores the insured to his or her original financial position.
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- which of the following is not a contract of indemnity mcq
- which of the following is not covered under contract of indemnity
- which of the following is not a situation of contract of indemnity
- which one of the following is not a contract of indemnity
- which of the following is not the essential ingredient of contract of indemnity
- which of the following is contract of indemnity
- which of the following is a contract of indemnity mcq
- which of the following is not an essential of an indemnity contract