1/165
Insurance Test Practice
Premium Login
Pass Guaranteed
Free Illinois General Insurance Practice Test
Question 1 of 165
General Insurance
Exit Practice
Which of the following best describes the principle of indemnification?
A
a: To provide a guaranteed return on investment
B
b: To punish the party that caused the loss
C
c: To restore the insured to the same financial position as before the loss
D
d: To allow the insured to profit from a loss
Next Question