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What is meant by the principle of indemnity

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Reference no: EM133060183

a) Explain what is meant by the principle of indemnity in insurance contracts.

b) Explain what is meant by the principle of subrogation in insurance contracts, and how this principle enforces the broader principle of indemnity.

c) What is the key factor that determines whether a fact is material in the application of the doctrines of misrepresentation and concealment?

Reference no: EM133060183

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