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The sum of money the assurer is prepared to pay the assured in total discharge...

Commerce
WAEC 1996
The sum of money the assurer is prepared to pay the assured in total discharge of a contract before its maturity is
  • A. dividend
  • B. premium
  • C. annuity
  • D. surrender value
  • E. interest
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Correct Answer: Option D
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts