What is that word for returning someone to the equal financial state they were in before...?

Question

i dont know if anyone has taken the ins. test and remembers. i took it a while ago and this word is on the tip of my tongue. its basically saying that you cannot profit from ins.

Answer 1

indemnify  

Answer 2

Indemnity.......

Contract of Indemnity - This principle establishes that the insured is restored to the same financial condition as before the loss, with no intent of gain or loss.

This is one that if your not currntly studying for the test or you havent  took it in awhile can be easy to slip your tongue. I knew it but wasnt 100 percent until i even looked it up.  

Answer 3

The term you are looking for is "whole."  For example, the cash settlement received from the auto insurer made my client whole.

Answer 4

jesus