FACTORS LIMITING THE PAYMENT OF IDEMNITY

SUBMITTED BY: L319A

DATE: Sept. 22, 2016, 4:12 p.m.

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  1. FACTORS LIMITING THE PAYMENT OF INDEMNITY
  2. a) Sum insured
  3. b) Average liability of insurer = sum insured /full value * loss
  4. c) Excess
  5. d) Franchise
  6. e) Limits
  7. f) Extension in the operation of the indemnity
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