Legal Doctrines Indemnity principle: an insurance policy cannot pay more than the financial loss suffered.
{"Image DocumentName": "Legal Doctrines Indemnity principle: an insurance policy cannot pay more than the financial loss suffered.", "Image ImageDescription": "Insurable interest: if you want to get paid from insurance company, you got to have interest. Example, A and B are not related, A buys a life insurance and set B as the beneficiary. Subrogation: after a party receives claim payment from an insurer, it has to transfer the right to seek additional compensation to the insurer. Ins301 Ch 8&10.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}