Question 5
Explain the following insurance terms;
(a) proximate cause
(b) surrender value
(c) contribution
(d) utmost good faith
(e) premium
Theory
Question details
- Exam body
- WAEC
- Subject
- Commerce
- Year
- 2013
- Question no.
- #5
- Type
- Theory
Explain the following insurance terms;
(a) proximate cause
(b) surrender value
(c) contribution
(d) utmost good faith
(e) premium