Question 0

Insurance companies operate on the principal of indemnity. This means that an insured person or firm collector

  • A.Only half of the loss suffered
  • B.double the value of the losses suffered
  • C.the total sum of the premium paid prior to the loss
  • D.damage claims equal to the loss suffered.
  • E.
Objective

Question details

Exam body
JAMB
Subject
Commerce
Year
1998
Question no.
#0
Type
Objective

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