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The principle of insurance that restores the insured to the position he occupied immediately before...

Commerce
WAEC 1997
The principle of insurance that restores the insured to the position he occupied immediately before the loss occurred is called
  • A. utmost good faith
  • B. indemnity
  • C. subrogation
  • D. contribution
  • E. insurable interest
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Correct Answer: Option B
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