Indemnity, Principle of a general legal principle related to insurance that holds that the individual recovering under an insurance policy should be restored to the approximate financial position he or she was in prior to the loss. Legal principle limiting compensation for damages be equivalent to the losses incurred. What is Indemnity, Principle of , What does mean Indemnity, Principle of , Insurance Guide, Insurance Glossary
Unpaid Losses claims that are in the course of settlement. The term may also include claims that have been incurred but not reported. What is Unpaid Losses ,... more