One of the basic principles of insurance that discusses the fact that no insured person or company should profit from a damage or loss. The principle governs that the insured should receive compensation in order to return them to where they were financially before the incident or claim.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser