A claimant who is not legally entitled to a claim under an insurance contract may be offered a payment on?
-
A.
constructive total loss basis -
B.
partial loss basis -
C.
advice of loss basis -
D.
ex-gratia basis
Correct Answer: Option D
Explanation
Exgratia (/ˌɛks ˈɡreɪʃiə/; also spelled ex–gratia) is Latin for “by favour”, and is most often used in a legal context. When something has been done exgratia, it has been done voluntarily, out of kindness or grace.