The principle of indemnity is the

The principle of indemnity is the
A . obligation of the insurer to provide a maximum sum insured or limit of liability.
B. placing of the insured, at expiry of a policy, in the same financial position as enjoyed at inception.
C. obligation of the insurer to pay all valid claims according to the terms and conditions of the policy.
D. placing of the insured, after a loss, in the same financial position as enjoyed immediately before the loss.

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Answer: D