Restoring an insured to the same condition as before a loss is an example of the principle of Indemnity. The principle of indemnity makes sure that the insurance contract protects and compensates you for any loss, damage or injury. The objective of an insurance contract is to make you "whole" in case of a loss, not to allow you to make a profit. Thus, the amount of your compensation for damages is directly related to the amount of damages you actually suffered.
The principle of indemnity states that an insurance policy will not provide compensation to the policyholder in excess of their financial loss. This limits the benefit to an amount that is sufficient to recover the policyholder to the same financial position they were in before the loss.
Learn more about the Principle of Indemnity:
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Prithvi Narayan Shah is last ruled of gorkha kingdom
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There are three main reasons for European Exploration. Them being for the sake of their economy, religion and glory. They wanted to improve their economy for instance by acquiring more spices, gold, and better and faster trading routes. Also, they really believed in the need to spread their religion, Christianity.
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low power distance.
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Okay, let us fill in the gap in the question before we delve right into the explanation. Note that the capitalized words are the missing words in the question.
"A culture can be described as having LOW POWER DISTANCE if supervisors work closely with subordinates, professors work closely with students, and elected officials work closely with constituents.''
So, whether we all like it or not some people are going to hold more power than us. Power can not be distributed equally. But the way we react or respond to the inequality in power depends on cultures. The reason behind this is that some culture will accept this unequal distribution of power without questioning while some will.
Low power distance is all about been able to Question those people in power while High Power Distance is the opposite of Low power distance.
