Any party of a contract is entitled to claim indemnity if they suffer a loss.

The indemnity principle is also appliable to life or personal accident insurance.

A<br/>letter of indemnity is written to the indemnitee, the party<br/>receiving the indemnity. ( )

If the insured asks for indemnity, it must have insurable interest in the subject matter of insurance.

______ refers to the maximum amount which the insurer undertakes to pay for indemnity or for its insurance obligations.

Normally<br/>there should be two parties in LOI: the carrier seeking the<br/>indemnity and the importer granting the indemnity. ( )

Fundamental principles of cargo insurance include __________. A: insurable interest B: utmost good faith C: indemnity D: proximate cause

The marine cargo insurance is based on the principles of（  ）。 A: indemnity B: utmost good faith C: insurable interest D: proximate cause

In the case of cargo insurance, there is a distinct variation in the application of the Principle of __________. A: insurable interest B: good faith C: indemnity D: subrogation

Which of the following is not the insurance principle? ( ) A: principle of indemnity B: principle of fortuity C: principle of insurable interest D: principle of subrogation