Teacha
  • Courses
  • Mock Exams
  • For Tutors
  • For Schools
  • Pricing
Log InStart Free
  1. Past Questions
  2. /
  3. WAEC
  4. /
  5. Commerce
  6. /
  7. 2006
  8. /
  9. Q28
Question 28

The principle where many insurance companies join to compensate one policy holder is called?

  • A.contribution
  • B.subrogation
  • C.compensation
  • D.indemnity
Objective

Question details

Exam body
WAEC
Subject
Commerce
Year
2006
Question no.
#28
Type
Objective
Previous · Q27A specialized market where stocks and shares are bought and sold is Next · Q29 Demurrage is paid by a vessel for

More from this paper

  • Q24The speculator who applies for a new issue of shares without the intention of…
  • Q25Which of the following is not the duty of an agent to the principal?
  • Q26The amount the assured receives if he decides to discontinue the life policy is…
  • Q30In a limited partnership, one of the members must be
  • Q31It is safer and quicker to transport petrol and gas by
  • Q32The process of taking over the management and control of a privately owned…
See all Commerce 2006 questions
Teacha

Africa's learning & exam readiness platform. Built for students, tutors, and schools.

Platform

  • Courses
  • Mock Exams
  • Past Questions

For You

  • I'm a Tutor
  • I'm a School
  • Pricing

© 2025 Teacha. Built for African learners, tutors, and schools. Teacha is not affiliated with WAEC, NECO, or JAMB. All past questions are sourced from publicly available materials.

Privacy PolicyTerms of UseCookie Policy