Alberta General Insurance Level 1 Practice Exam

Question: 1 / 400

What does it mean to indemnify someone?

To protect them against legal action

To provide them with a loan

To compensate for loss or expenses

To indemnify someone means to compensate or reimburse them for any losses, damages, or expenses incurred. Option A may seem similar, but it specifically refers to legal action, not necessarily for other types of losses. Option B is incorrect because indemnifying someone does not involve providing them with a loan. Option D is incorrect because insurance coverage typically requires payment of a premium. Therefore, the most accurate option is C, to compensate for loss or expenses.

Get further explanation with Examzify DeepDiveBeta

To grant them insurance coverage without premium

Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy