Register

Auto Insurance Practice Exam

Access More Questions
Two property policies cover the same interest, subject matter and peril for the same loss. Which principle may allow the insurers to share the claim between them?
Correct Answer:
Contribution
Explanation:
Contribution prevents an insured from recovering more than the indemnity and allows insurers covering the same interest, subject matter and peril to share the loss according to the applicable basis.

Access more questions from this quiz

Continue to Auto Insurance Practice Exam for more practice questions and the full quiz experience.

Access More Questions