Contract Of Indemnity And Object Of Indemnity: Explanation

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3 pages in length. The historical progression of insurance has rendered it an ever-changing entity whose sole objective is to protect people from taking tremendous losses on unforeseen catastrophes. As the decades passed and a more technologically advanced global society emerged, the need for more finite limitations with regard to monetary recovery were necessary in order to protect insurance companies from being fleeced by unscrupulous policyholders. Bibliography lists 3 sources.