The concept that the insured should not profit from an insurance transaction is called:

answer is principle of indemnity  

Explanation:

solution

profit from an insurance transaction is called the principle of indemnity

here indemnity means security or the protection against any financial liability so

Principle of indemnity is restoring the insured to the same financial condition as before the loss of it

it mean there is no profit also

so answer is principle of indemnity  

there are conflicting perceptions. what cannot be denied is that despite a long history of discrimination, they finally chose to bow out in grace and handed over power to the majority. it was a painful experience for them to part with their prerogatives and some chose to leave the country. however, they did decide to bite the bullet and go through the process with minimum obstructions.

presently, whites are still a force to reckon with. they are well educated, have technical and business expertise, they understand imperatives of good governance and are responsible for keeping south africa connected with developed countries. despite a bitter history, they are useful team members of the south african team.

sounds good to me mate!