An agreement by the insurer to compensate the insured for losses suffered is? by Sunday | Dec 16 | Commerce JAMB | 0 comments A. policy B. surrender value C. caveat emptor D. indemnity Correct Answer: Option D – indemnity Users Also Read These:The right which an insurer has to stand in the place…Payment made to the insured by the insurer outside…A clause that prevents the insurer from paying under…An insurer will recover claims paid wrongly to an…In the absence of partnership agreement, profits and…